XRP Slips to $1.04 as Whale Accumulation Stalls, Down 65% From 2025 Peak
XRP trades near $1.04, down 65% since 2025, as on-chain data shows whale buying and exchange volume both drying up.
XRP printed a day’s low of $1.04 on Thursday, edging toward a break below the psychological $1 mark for the first time in this cycle. The token is now down roughly 65% from levels seen in 2025, and on-chain data points to a structural demand problem rather than a single-day shock: both whale accumulation and exchange trading volume have contracted in tandem.
Volume and whale flows both roll over
Exchange trading volume for XRP has fallen sharply, according to on-chain data cited by Watcher.Guru, coinciding with a pullback in large-wallet buying. Whale addresses that had been steadily adding to positions through the 2024–2025 run have largely stepped back, leaving retail flows — which have also thinned — as the only remaining source of fresh demand.
That combination matters for market structure: without whale bids absorbing sell pressure, price discovery is being left to a shrinking pool of existing holders trading among themselves rather than new capital entering the order book. Traders who opened positions during the late-2024/early-2025 rally are now underwater at current levels, a setup that typically caps rebound attempts as breakeven sellers appear on every bounce.
$0.90 is the next line in the sand
A close below $1 would put $0.90 in view as the next area where dip-buyers might be tested. Given the absence of a clear demand base above that level, any bounce attempt near $0.90 is likely to face skepticism from traders looking for confirmation of renewed accumulation before committing capital.
The decline is not isolated to XRP. Cardano’s ADA and much of the broader altcoin complex are showing similar corrective structure, while Solana and BNB have been the standout exceptions, holding their charts up better than the rest of the field. That divergence suggests capital rotation within altcoins rather than a uniform market-wide bid.
Narrative headwinds add to the drag
Beyond the flow data, the pace of new Ripple partnership announcements has slowed compared with prior periods, and traders have reacted to that gap with a more bearish tilt on positioning. With fewer fresh catalysts on the calendar, some capital that previously rotated into XRP is instead migrating toward the AI sector, where investors currently see faster return potential.
For desks tracking altcoin liquidity, the combination of falling volume, retreating whale bids and thinning retail interest is the more actionable signal here than the headline price itself — it points to a demand vacuum that needs to be refilled before XRP can stabilize meaningfully above the $1 handle.
Read more: ADA Up 33% Since July 28 as Cardano Sheds 7,070 Wallets in Two Months