Why XRP Whales Keep Buying as the Price Falls. Is a Bull Rally Coming?

XRP fell to $0.99 on August 11 for the first time in nearly two years, following an exploit on the Coreum bridge that drained close to 200,000 XRP from the XRP Ledger in 97 minutes. Yet large holders continued buying: they added more than 380 million XRP in the week to August 9, worth about $390 million at the day’s price, taking combined balances past 8 billion tokens, according to Santiment. Wallets with at least one million XRP rose by 32 over three months to roughly 2,033, even as market cap fell 29%. CryptoQuant says 81% of XRP withdrawn from Binance on August 3 went to large holders.