XRP Whale Activity and Price Levels
The XRP price trades around $1.00, supported by a floor at $0.99. Key resistance levels are positioned at $1.04, with the 50-day moving average at $1.09 and the 200-day moving average at $1.35. Data shared by analyst Ali Martinez from Santiment shows that large holders added more than 380 million XRP in a single week. Additionally, the Tom DeMark Sequential printed a monthly buy signal on August 9.
While whale balances climbed to multi-month highs, institutional fund assets saw a minor decrease, dropping from $993 million to $950 million between August 5 and 10, according to data cited from CoinMarketCap and other sources. Cumulative inflows remain near $1.51 billion. Market participants are closely watching the September 15 CLARITY vote as a potential catalyst for the asset.
Presale Activity Highlights Alternative Tokens
Alongside activity in major assets, capital is also flowing into various presale projects such as Pepeto. The Ethereum-based presale is currently priced at $0.0000001889 and has raised $10.6 million. The project features a zero-fee swap function, a cross-chain bridge supporting BNB Chain, Solana, and Ethereum, and security features designed to screen potential drain permissions before purchases settle.
Staking mechanisms within the project offer a compounded daily APY starting at 165%, with rates decreasing as more supply becomes locked. Planned listings include an expected introduction to Binance, marking the transition from presale round pricing to open market trading.
