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XRP and Bitcoin whales are hoarding-is the bear market coming to an end?

2026-08-07 12:36:34
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Giant whales in the crypto market continue to increase their holdings, and the bottom signal is gradually showing.

According to CryptoQuant's research, among some of the largest assets in the crypto market, including Bitcoin, Ethereum and XRP, giant whales are continuing to increase positions. Julio Moreno, head of research at the company, pointed out in the report that when prices of these currencies are close to or below their average purchase cost, the largest holder group is increasing supply. "This position reduces downward pressure and is consistent with the final phase of a cyclical recession," he wrote in the company's weekly report. In other words, we may be approaching the end of the crypto bear market.

Specific to XRP, CryptoQuant said that even if the token remains in the range of US$1.00 to US$1.20 and has a market value of approximately US$66 billion, its spot order size is still at the "big whale" level. However, the 90-day cumulative trading volume difference, which measures the intensity of active trading, has returned to neutral. The company said the coexistence of large-scale low-key buying orders with roughly equal buying and selling pressure suggests that the market is in a calm fundraising phase-investors are holding steadily rather than fleeing, but have not yet begun to really push prices up.

This pattern conforms to a continuous pattern. Bitcoin's bear market is extremely obvious, and analysts have been using arguments similar to CryptoQuant's analysis of XRP to debate whether the bottom has arrived.

As of press time, the trading price of XRP on the coin was US$1.05, down 1.4% on the day, consistent with the previously reported price of the token close to US$1.10. The daily chart confirms the data on the chain: this is a signal that the market is bottoming (leveling) rather than breaking down.

The 50-day index moving average is below the 200-day line, creating what traders call a "dead fork." This is not a good thing, it is a typical bearish indicator. The current price of XRP is below these two moving averages and hovers in the range of $1.30 to $1.60. The dead fork is a lagging signal, but confirms that the trend is still downward.

The Relative Strength Index (RSI) is 39.5, below the 50 neutral line (which distinguishes between long and short momentum), approaching the oversold area (30) but not yet touched. The average trend index (ADX) is 10.4, indicating that there is no strong trend driving the trend, only consolidation. The squeeze momentum indicator is negative, indicating that volatility is compressing rather than expanding.

Judging from the trend trajectory, this belongs to a bottom-up consolidation at the end of the bear market, that is, long-term price sideways. XRP has fallen from a high of around $2.20 in early 2026 and entered a long-term flat range around $1. Both the chart and the data on the chain point to the same conclusion: the giant whale is absorbing chips rather than panic selling, and the structure is in a bottom range pattern rather than a new round of decline.

The key issue is direction: Since the XRP price is below the dead fork and the momentum is still negative, there is no confirmation signal for the reversal. If the daily close can return to the 200th EMA (about US$1.12), it will be the first real signal that fundraising is starting to take effect.

Immediate support is in the US$1.04 region (lower edge of the current price and bottom-building range); if it breaks effectively, the next support is US$0.9167, then US$0.8358. Resistance starts at the Fibonacci level of $1.1145, with a larger ceiling at $1.60.

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