XRP Price Prediction: XRP Reclaims $1 Support as Whale Transfers Jump 280% and Open Interest Rises

The combination has placed the XRP price at an important technical juncture, although the latest data does not yet establish a confirmed bullish reversal.

On-chain data cited by market analysts shows that transactions worth more than $1 million on the XRP Ledger increased 280% over a 24-hour period, with more than 38 such transfers recorded. At the same time, Binance XRP futures open interest reportedly climbed to about $461 million, up from roughly $360 million earlier in August.

The developments come as XRP trades near $1, a level that has become a closely watched area for both buyers and sellers. Recent market coverage shows that the price has moved below the round-number threshold during August before recovering toward it, making the ability to sustain a reclaim particularly relevant to the near-term XRP price prediction.

The $1 mark has taken on added significance following XRP’s recent decline. Market data showed XRP trading around $1 on August 19, while CoinMarketCap’s latest available data places the token near $1.01.

XRP remains bearish within a falling wedge, with price now testing the key psychological $1 level. Source: TheSignalyst on TradingView

The level is important not simply because it is a round number, but because recent price action has repeatedly tested it. According to the technical setup highlighted by TheSignalyst, the price remains within a falling-wedge formation, meaning the broader short-term structure has not yet shifted decisively in favor of buyers.

The analyst described $1 as a level where buyers are attempting to defend the market, but argued that holding it alone would not confirm a reversal. The next technical hurdle identified in that analysis is the 1.01-1.02 area, corresponding to a previous local high.

A sustained move above that zone would provide stronger evidence that short-term momentum is changing. Until then, the recovery remains a test of support rather than a confirmed trend reversal.

The most notable fundamental-style market signal comes from the XRP Ledger itself. Data cited by Ali Martinez showed that transactions exceeding $1 million jumped 280% within 24 hours, reaching more than 38 transfers.

XRP Ledger transactions exceeding $1 million surged 280% in 24 hours, surpassing 38 large transfers and signaling renewed whale activity. Source: Ali Martinez via X

Large transactions are commonly monitored as an indicator of activity among high-value participants, although they do not reveal whether whales are accumulating, distributing, or simply moving assets between wallets. That distinction is important when assessing the XRP price outlook.

The increase therefore provides evidence of heightened activity rather than definitive proof of buying pressure.

The XRP Ledger is a public blockchain, and its transaction history can be independently examined. XRPL documentation notes that transactions are recorded in validated ledger versions and that ledger data is publicly accessible.

That transparency allows on-chain analytics platforms to track large transfers and other network activity without relying solely on exchange-reported trading data.

Derivatives activity is also picking up. CryptoQuant data cited in the market reports shows XRP open interest on Binance rising to approximately $461 million, compared with about $360 million at the beginning of August.

Binance XRP futures open interest reached a two-month high of approximately $461 million, up from around $360 million earlier in August. Source: @cryptoquant_com via X

Open interest measures the value of outstanding futures contracts. A rise generally indicates that more positions are being established or that existing positions are becoming larger. However, it does not indicate whether traders are predominantly bullish or bearish.

This distinction matters for the XRP price prediction. Higher open interest can accompany a rally if buyers are gaining control, but it can also precede a sharper decline when leveraged positions are forced to close.

In other words, the increase points to greater participation and potentially higher volatility rather than a guaranteed directional move.

From a broader technical perspective, XRP remains below a descending trendline that has constrained its price for much of the past year, according to the TradingView analysis by Leo524.

XRP has re-entered a strong demand zone, where buyers could defend support and initiate a potential recovery structure. Source: Leo524 on TradingView

The analyst described XRP as sitting in a “major long-term decision zone” after the recent decline. The setup suggests that buyers are now attempting to defend a demand area while the longer-term trend remains under pressure.

A decisive break above the descending trendline would be an important technical development. However, Leo524 emphasized that confirmation would be stronger if the price could subsequently retest the broken trendline and hold above it rather than simply producing a brief move through resistance.

That approach also limits the risk of interpreting a short-lived price spike as a structural breakout.

The broader TradingView technical snapshot presents a mixed picture. The main gauges were displayed as neutral because the market was closed and current indicator values were unavailable in the reviewed snapshot. However, the underlying aggregated ratings pointed to a predominantly bearish configuration, with the oscillator and moving-average sections carrying strong-sell readings.

The one-week technical rating was also described as a sell signal, while the one-month reading remained bearish. These readings suggest that XRP’s broader technical structure has not yet caught up with the recent attempt to reclaim $1.

This creates an important distinction for the XRP price forecast: a recovery above a psychological support level is not necessarily the same as a confirmed trend reversal.

The immediate XRP price prediction centers on whether buyers can turn the $1 level from a contested area into durable support.

The first level to monitor is the $1.01-$1.02 region identified in the falling-wedge analysis. A sustained move above it would strengthen the case for a short-term recovery and put greater pressure on the broader descending structure.

Beyond that, traders would likely watch the long-term descending trendline for confirmation of a larger technical shift. A breakout followed by a successful retest would carry more weight than an isolated move above resistance.

Conversely, another rejection around $1.01-$1.02 or a renewed break below $1 would leave the bearish structure intact. Recent market analysis has identified the $0.96-$0.98 area as a potential downside zone if the $1 level fails to hold.

For now, the data presents a market with increased activity but no definitive direction. Whale-sized transactions have accelerated, futures open interest has reached a two-month high, and the price is attempting to defend a key psychological level. Those developments make the current XRP price setup significant, but they do not by themselves confirm that a sustained bullish trend has begun.

The more reliable signal would be a combination of sustained support above $1, a break of the $1.00-$1.02 local structure, and eventually a confirmed move through the long-term descending trendline. Until those conditions develop, the XRP price prediction remains dependent on whether buyers can convert increased market participation into sustained price strength.