XRP briefly fell below $1 for the first time since November 2024 before recovering to about $1.01, with large holders buying more than 72 million tokens over 24 hours as the market tested a key psychological level. The purchases lifted combined whale holdings to 12.18 billion XRP and extended a broader accumulation trend seen in recent weeks, even as technical indicators remained bearish and institutional demand showed signs of cooling. XRP ETFs' net assets had already fallen below $1 billion, underscoring a split between on-chain accumulation by large wallets and weaker appetite for exchange-traded exposure. Earlier network data also showed average daily active addresses rising to about 35,700 in August from roughly 26,400 in July, while new-address growth stayed nearly flat, suggesting existing users were driving activity. Analysts remain focused on nearby technical thresholds including $1.06, with mixed indicators and cautious prediction-market pricing highlighting uncertainty over whether XRP can regain stronger upside momentum.