XRP Price Prediction as Whale Wallets Surge Amid Rising Network Activity

Ripple (XRP) price is up by 1.36% today, August 12, to trade at $1.01 at the time of writing. The price had briefly dropped below the psychological support of $1 on August 11 before a swift rebound. On-chain data now shows that whale activity and active addresses are rising despite a weak momentum.

XRP Whale Wallets With 1M Coins Surge Despite Price Weakness

Data from Santiment shows that the number of wallets with more than one million coins has increased by 32 in three months since May 2026.

Santiment notes that this rise comes as whales flip bullish on XRP because of the growing use of the RLUSD stablecoin and the expansion of the XRP Ledger into tokenization, payments, and settlement

The on-chain data analytics platform also adds that an increase in the number of whale wallets suggests that the supply is moving from weak to strong hands.

“Stronger hands are absorbing panic, patience is replacing simple price-related hype, and future volatility becomes more interesting for bulls,” Santiment said.

But while whales have been accumulating, retail traders have been selling, and this has caused the XRP market cap to drop by 29% in the three months that whales have been buying.

Ripple’s Active Addresses Surge by 84%

Analyst Ali Charts notes that the number of XRP active addresses has increased by 84% from 23,642 on August 1 to 43,543 on August 11.

This surge comes amid an upgrade on the XRP Ledger that will boost the network’s usage in decentralized finance (DeFi).

The network activity is also rising despite the dropping odds of the CLARITY Act bill getting approval in 2026. Prediction markets currently show that there is only a 22% chance that this bill will become law this year.

When network usage is rising despite bearish factors, it creates a bullish divergence, suggesting that users are ignoring the short-term bearish outlook on the XRP price.

XRP Prediction as Price Recovers From 20-Month Low

The price of XRP dropped below $1 on August 12, marking the first time that it has dropped below this psychological support since November 2024.

XRP has since recovered slightly to trade at $1.01 at the time of writing, but the RSI reading of 37 suggests that the momentum is still favoring bears.

If the selling pressure remains high, the price of XRP could drop to the 123.6% Fib of $0.85.

Still, analysts note that XRP could be oversold after the price dropped by 71% between July 2025 and August 2026 due to a surge in selling pressure.

If these sellers get to the point of exhaustion, XRP price will have to move to resistance at the 61.8% Fib of $1.20 to confirm that the uptrend is strong.

200,000 XRP Stolen in Hack

The Coreum bridge that connects the XRP Ledger with TX Chain has been the latest victim of a hack, with the attackers walking away with $200,000 worth of XRP tokens.

The attacker exploited a flaw in the deposit verification on the bridge where they created fake balances and then withdrew the funds in real time. The attack mirrors the Wanchain bridge hack on Cardano, where hackers stole $10 million worth of NIGHT tokens.

The Ripple community has confirmed that this exploit did not occur on the XRP Ledger, adding that the network itself was still safe.