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XRP, Bitcoin Whales Are Accumulating—Is the Bear Market Nearly Over?

By Decrypt
Aug 7, 2026
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Across some of the crypto market’s biggest assets, including Bitcoin, Ethereum, and XRP, whales are adding to their bags, according to research from CryptoQuant.

In other words, we might be nearing the tailend of the crypto bear market.

For XRP specifically, CryptoQuant said spot order sizes stay in "big whale" territory even as the token holds the $1.00–$1.20 band, hovering around a $66 billion market capitalization. But the 90-day taker cumulative volume delta—a read on aggressive buying and selling—has drifted to neutral. The firm said that big, low-key buy orders, paired with roughly equal levels of buying and selling pressure, point to a calm accumulation phase—investors are holding steady rather than fleeing, but they haven't started pushing prices higher in earnest either.

XRP price: What the charts say XRP price data. Image: Tradingview

The 50-day exponential moving average sits below the 200-day, forming a pattern that traders refer to as a death cross. That’s not good, and is a classic bearish indicator. The current price of XRP is trading under both averages, parked up in the $1.30–$1.60 zone. A death cross is a lagging signal, but it confirms the trend is still down.

The relative strength index, or RSI, is 39.5, below the 50 line that splits bullish from bearish momentum and closing in on oversold (30) without tipping there. The average directional index, or ADX, is 10.4, which means there's no strong trend powering the move right now, just chop. Squeeze momentum is off, with negative momentum, so volatility is compressed rather than expanding.

The trajectory reads as a late-stage bear basing coil, basically prices going flat for a prolonged time. XRP has fallen from around $2.20 in early 2026 into a long, flat range near $1. The chart and the on-chain data agree—whales are absorbing, not capitulating, and the structure looks like a bottoming range rather than a fresh leg down.

The catch is direction: With XRP’s price below a death cross and momentum still negative, there's no confirmation of a turn. A daily close back above the 200-day EMA, around $1.12, would be the first real signal the accumulation is paying off.

Immediate support is the $1.04 area (the current print and the lower bound of the basing range); a clean break opens $0.9167, then $0.8358. Resistance starts at the $1.1145 Fibonacci mark, with the bigger ceiling at $1.60.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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