XRP Risks a Daily Close Below $1 as Whale Accumulation and Exchange Supply Decline

XRP’s likelihood of posting a daily close below $1 is increasing, even as onchain signals point to potential buying activity from larger holders and traders. According to Cointelegraph, the setup reflects growing downside risk in price action alongside indications that some market participants may be accumulating XRP while available balances on exchanges continue to shrink. Cointelegraph reported that whale accumulation has been observed during this period, a development often associated with larger investors increasing exposure despite near-term weakness. The report also noted that XRP’s exchange supply is declining, which can suggest that tokens are being moved off trading venues and into longer-term storage, potentially reducing immediate sell-side liquidity. Together, these factors may indicate that some traders are positioning to buy even as the probability of a daily close below $1 rises.