Whale Accumulation Grows as XRP Tests the Key $1.00 LevelXRP / TetherUSBINANCE:XRPUSDTCoinCodex* The XRP price is holding near $1.02, with $1.00 remaining the key support level. * Santiment reports 32 new wallets holding 1 million+ XRP despite a roughly 29% market cap decline. * Glassnode data shows rising active addresses and transfer activity, pointing to stronger network participation near support. The XRP price is back at one of the most important levels on the chart, and this setup feels a lot more interesting than it did a few weeks ago. After months of selling pressure, XRP is trading around $1.02, and the market is once again asking the same question: can buyers keep defending the $1.00 support zone? What makes this move different is that the blockchain data is telling a very different story from the price chart. Santiment says the number of wallets holding at least 1 million XRP has increased by 32 over the last three months. That happened even as XRP’s market cap fell by roughly 29% and the price slid from around $1.60 to near $1.00. When large holders add exposure during a decline, traders usually pay attention because it often points to accumulation during fear, not distribution. We had a look at the XRP charts, and the technical picture is still mixed. The XRP price is trading around $1.018-$1.019, which leaves it below the 4-hour 100-period SMA near $1.057 and below the daily 100-day SMA around $1.182. In plain English, the short-term trend is still under pressure, but the market has not broken decisively below the key $1.00 level. Momentum is starting to look stretched, though. The daily RSI is near 38, which is already in oversold territory. Markets often begin trying to stabilize when selling pressure reaches that kind of extreme. If buyers can keep holding the current support area, a rebound toward $1.05-$1.10 is still very much on the table. A daily close below $1.00 would put the next major support near $0.89 back in focus. The on-chain data is probably the strongest bullish argument right now. Active addresses have climbed from roughly 35,000 to about 43,500, and daily transfers have increased from around 360,000 to nearly 490,000 even as the XRP price drifted lower. That usually points to real network participation returning near support instead of a market that is simply fading away. For now, the roadmap is pretty straightforward. Bulls need to reclaim $1.05 first and then push through $1.10-$1.15 before traders start talking about a more meaningful recovery toward the daily moving average near $1.18. CoinCodex’s one-month forecast places the XRP price around $1.15, which lines up closely with the first major resistance zone the market is watching.