- XRP cooled to ~$3.15 after topping out at $3.65 mid-July — a soft reset after a big rally.
- Dormant wallets are moving again, dropping the average coin age and possibly hinting at renewed momentum.
- Institutions like Hyperscale and Nature’s Miracle are stacking XRP — with multi-million dollar treasury moves and long lockups.
XRP just had a wild run — after peaking at $3.65 in mid-July, it’s now catching its breath. The token’s been coasting sideways lately, floating around the $3.15 range after failing (a few times) to break past $3.30.
This isn’t a crash. It’s more like a pause. After flying from $2.20 to $3.65 in a matter of weeks, this kind of chill-out was sorta expected. But there’s something curious happening under the surface — older wallets are waking up, and that could stir things up again soon.
Dormant Coins Start Moving — That’s Not Nothing
XRP’s still up around 46% over the past month — not bad. But it’s wobbling a bit at $3.15. The folks over at Santiment noticed something interesting: some old XRP bags are on the move again.
The average age of held XRP just dropped by 91 days, now sitting at about 593 days. Translation? Long-time holders are either repositioning or offloading. This kind of behavior often hints at a shift in sentiment — and yeah, sometimes it kicks off the next wave upward.
Still, not everyone’s feeling bullish just yet. Analyst Ali Martinez says if XRP drops below $3.15, we might see a dip to $3 flat. That might sound scary to short-term traders, but for long-haul investors? Could be a decent entry point — especially with that on-chain activity heating up.
Big Wallets and Bigger Bets — Institutions Step In
While retail traders chase the charts, some big names are thinking further ahead. Hyperscale Data just rolled out a $10 million XRP treasury plan. And they’re not hiding it — weekly updates start August 12.
Even more interesting, there’s a possible 36-month lockup involved. That’s not a “flip-it-next-week” play. It’s long-term positioning — a clear sign they see serious potential in XRP beyond just the headlines.
This follows another major move — Nature’s Miracle tossing $20 million into XRP recently. When you’ve got multiple companies betting this hard, it starts to paint a picture: institutions are warming up to XRP, and they’re playing the long game.
