XRP Falls to $1 as Whales Buy 72 Million Tokens

XRP’s latest trading action looks fragile by conventional technical measures. The token finished August 14 at $1.00, below its 50-day moving average of $1.08 and well under the 200-day average of $1.29, while RSI readings around 32 point to a market that is still oversold but not yet showing strong reversal pressure. Trading volume topped 1.07 billion tokens on the day, suggesting the slide was driven by active repositioning rather than a thin-market drift.

The whale buying, however, suggests bigger accounts are using the weakness to build exposure rather than exit. That accumulation came as XRP continued to struggle with broader questions around usage growth and regulatory clarity, including a highly watched SEC vote that could shape near-term sentiment toward the token.

For investors, the key question is whether whale demand can absorb persistent selling and keep XRP from losing the $1 floor again. If the SEC decision lands in a way the market reads as constructive, XRP could get a relief bid; if not, the token’s failure to reclaim the 50-day average leaves it vulnerable to another leg lower.