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After whales hoarded 380 million tokens, XRP sword pointed to $1.15

2026-08-11 12:56:46
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XRP continues to stand above US$1, and the giant whale raises 380 million tokens.

After the giant whale raised 380 million tokens, the XRP price remained above US$1, continuing the record of closing prices above this level for 632 consecutive trading days. At the same time, liquidity concentrations around US$1.06 to US$1.07 and neutral RSI indicators have made a potential US$1.15 short squeeze the market focus.

Key points:

The giant whale has raised a total of 380 million XRPs around US$1, and the token has closed above US$1 for 632 consecutive trading days. CoinGlass data shows that there is a concentration of liquidity in the US$1.06 to US$1.07 range, which may put pressure on short positions if prices move upwards. The market value of XRPL stablecoins has increased by more than 12% in 24 hours, increasing by more than US$100 million, approaching the US$1 billion mark.

XRP short squeeze pattern

Around XRP's psychological threshold of US$1, giant whale buying behavior has intensified significantly. According to relevant data, 380 million tokens have been recruited recently. The report pointed out that XRP has closed above US$1 for 632 consecutive trading days, setting the longest record in its history. This record further strengthens support for buying around this level.

CoinGlass data provides support for this pattern from the perspective of derivatives. The 24-hour liquidation heat chart shows that although the XRP price once moved closer to US$1.00 this week, liquidity is still concentrated in the range of US$1.06 to US$1.07. Its daily RSI indicator remains near the near-neutral 50 level.

This situation is in sharp contrast to Bitcoin, Ethereum, Solana and BNB-assets reported to be overbought or in a stronger momentum range. If prices enter a liquidity gathering area, it may force short positions to be closed, further increasing buying pressure as prices rise. This is the core of the risk of short squeeze.

XRP Liquidity Growth

In addition, relevant institutions have tokenized a share of a US dollar liquidity fund on the XRP ledger for institutional investors. The report shows that real-world asset values on XRPL increased by more than 28% in 30 days. Internet mobility also continues to expand.

The market value of stablecoins on XRPL has increased by more than 12% in 24 hours, increasing by more than US$100 million and approaching US$1 billion. For a first-tier network, the increase in the value of stablecoins and real-world assets can deepen the liquidity available within its ecosystem. However, the emergence of a short squeeze still depends on whether conditions are ripe.

The current pattern is based on the background of XRP remaining above the US$1 mark for an unusually long period of time. The token has closed above this level for 632 consecutive trading days, making this price the core of the latest recruitment data. This historical record helps explain why giant whale repurchases around US$1 have attracted market attention, as traders are closely watching the US$1.06 to US$1.07 area.

Disclaimer:

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