XRP Moves Toward $1.15 While Large Holders Add Nearly 16.5 Million Tokens

XRP, Ripple’s native token, fell toward $1.15, a level not seen in several months, as large holders added nearly 16.5 million tokens and a Binance trading measure moved closer to balance between aggressive buying and selling.

Large holders accumulated nearly 16.5 million XRP after the token was rejected near $1.34 and declined toward $1.15.

The measure, which compares aggressive buying with selling, moved toward 1.0 while XRP’s price continued to fall, bringing the readings closer to balance.

Social mood around XRP fell to its weakest level since July.

Whether XRP has bottomed remains uncertain. Analyst Dark Defender identified $1.12 as key support, citing its role as resistance during July and August. Dark Defender considers the broader Elliott Wave structure intact while XRP remains above that level.

TokenPost previously covered a separate five-day accumulation of more than 470 million XRP alongside Ripple’s addition of an institutional use case for RLUSD.