CoinDesk

XRP Whales Keep Buying the Dip, But Ether Shows Deeper Capitulation

August 6, 2026•01:46 AM

CryptoQuant data reveals that large XRP holders are engaged in "quiet accumulation" during price dips, indicating long-term confidence rather than an imminent breakout. Meanwhile, ether (ETH) is displaying deeper capitulation, with its current price below realized value, meaning many holders are operating at significant loss.

This market dynamic creates an interesting scenario for investors, as the analysis suggests ETH presents the "strongest valuation case" among Bitcoin, Ethereum, and XRP. The discrepancy between XRP whale behavior and ETH holder capitulation may signal a potential turning point for the second-largest cryptocurrency, while XRP shows resilience without an immediate upside breakout signal.

This situation places ETH in an interesting position from a valuation standpoint, making it the "strongest case" among Bitcoin, Ethereum, and XRP. Realized value represents the average price at which coins were last moved, and when the market price falls below this level, it indicates that many holders are operating at a loss. While XRP investors seem to be building positions discreetly, ETH holders appear to be giving up, potentially creating an interesting buying opportunity for analysts who believe in ether's recovery potential.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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