XRP Sharks Buy the Dip While US Funds Sell. Who Wins the Fight for $1?

XRP has dropped 19.57% over the past week to $1.05, according to BeInCrypto Markets. Yet XRP shark wallets, which hold at least 10,000 tokens, keep multiplying as Binance traders cut leverage. The token now sits just above $1, a level Santiment calls the key support to defend. US spot XRP exchange-traded fund (ETF) investors, however, have started pulling money out.

Shark Wallets Grow as US Funds Exit

About 343,500 wallets now hold at least 10,000 XRP, Santiment data shows. That count has climbed by 16,815, or 5.15%, since February 9. The analytics firm noted the cohort kept expanding while XRP lost roughly 30% over the past 7 weeks. It sees the gap as a sign that some well-funded traders are buying into the fear.

XRP millionaire wallets also hit a yearly high earlier this month. US spot XRP ETFs are moving the other way. The funds posted $10.42 million in net outflows on November 9, according to SoSoValue. That marked their largest single-day outflow since March 9. Another $7.62 million left on November 10.