XRP Accumulation Surges Despite Price Plunge: On-Chain Data Shows Strong Demand

XRP is flirting with a 19-month low, but the charts don't tell the whole story. While the price has tanked, the XRP Ledger is seeing a massive influx of new wallets, with nearly 5,000 added in a single day – the fastest growth in over three months. Social sentiment has flipped bullish, with traders clearly eyeing the $1.00 to $1.05 zone as a prime dip-buy opportunity.

Whales are loading up. Despite a 21% price drop in June, large holders across all tiers have been accumulating XRP. The 10 million to 100 million XRP cohort led the charge, adding a staggering 160 million tokens. This isn't just retail FOMO; it's a clear signal of conviction from the big players.

Institutional demand is also defying the broader market slump. XRP ETFs have seen eight consecutive weeks of net inflows, raking in $22.99 million last week alone and continuing strong this week. This stands in stark contrast to Bitcoin and Ethereum ETFs, which are bleeding billions.

The question now is whether this on-chain demand translates into sustained buying pressure or fades as short-term hype. With XRP hovering near the critical $1.00 support, the next few sessions will be crucial in determining the true direction of demand.