XRP whales accumulated more than 16.46 million tokens over a five-day window in which the token's price slid from $1.34 to $1.15, according to an analysis shared by Ali Charts on X. The buying came as XRP traded below both its 50-day moving average at $1.24 and its 200-day moving average near $1.31. Meanwhile, the number of wallets holding XRP has climbed to approximately 8.31 million, and the token last changed hands near $1.162.

Whales Accumulate XRP as Prices Decline

Ali Charts reported that large entities bought more than 16.46 million XRP during the five-day period. The purchases arrived as the token dropped from $1.34 to $1.15, meaning the accumulation ran counter to XRP's declining market price. The analyst did not provide further details about the buyers or their individual transactions.

Accumulation figures of this kind are typically drawn from on-chain data that groups addresses by balance size, which is why they capture aggregate large-holder flows without identifying the buyers behind them. Because large wallets can move sizeable amounts of supply, their net positioning is among the data points market watchers follow alongside price during extended drawdowns.

Analyst Maps Trendline Path Toward $1.05

In a separate outlook, Celal Kucuker presented a price scenario built on XRP's descending trendline. He said the token could first test the $1.10–$1.05 range before reversing. Kucuker expects a break above that trendline to open a potential rally toward $4.15, and he drew a comparison between the possible move and XRP's 2024–2025 rally.

Such trendline scenarios are conditional by design: the projected levels come into play only if XRP first breaks above the descending line Kucuker flagged, something that had not yet occurred when the outlook was shared.

XRP Remains Below Key Moving Averages

A chart spanning May 8 to November 8, 2026, captures several major price movements. XRP traded around $1.40–$1.45 in early May before declining through May and June. Despite recovery attempts in June and July, the price eventually approached $1.00. Selling pressure continued in August, taking XRP toward $0.98.

A sharp rebound then began around August 21. XRP climbed above $1.50 and reached approximately $1.60 in September. That recovery later faded as selling pressure returned during October and early November. The move above $1.50 stood as the strongest recovery within the period shown on the chart.

XRP currently trades near $1.162, below its 50-day moving average at $1.24 and its 200-day moving average near $1.31. The 50-day and 200-day moving averages smooth closing prices over roughly ten and forty weeks of trading respectively, and are among the most widely referenced benchmarks for judging whether an asset is trading above or below its recent medium- and long-term trend. The $1.14–$1.16 area provides immediate support, while $1.24 and $1.31 remain resistance levels.

A drop below $1.14 could expose the token to $1.06 and $0.98. On the upside, a move above $1.24 could bring $1.31 and $1.38 into focus.

Network Activity Shows Rising Holder Numbers

Despite the price decline, XRP's holder count has continued to grow. The network now counts approximately 8.31 million holders. Daily active addresses, by contrast, stand near 26,700, well below the roughly 938,000 recorded during the August rebound, when XRP climbed toward the $1.60 area.

Holder counts tally unique addresses carrying a positive XRP balance, while daily active addresses track how many of those addresses actually transact — two readings that can move apart when tokens spread across more wallets while day-to-day activity cools. With holder growth continuing while active addresses sit far below the levels of the August rebound, the gap between the two metrics is one of the clearer on-chain data points to watch alongside the support and resistance levels outlined above.