XRP’s price has fallen nearly 30% since mid-May, with market cap down 29%. Despite this downturn, the number of wallets holding at least 1 million XRP increased by 32 in the past three months, indicating accumulation by large investors. These investors purchased over 380 million XRP in seven days, worth nearly $400 million. US-based XRP ETFs attracted $1.17 billion between November and December 2025, but momentum has recently weakened, with only $1 million in inflows in August.
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