Despite expectations for Ripple's (XRP) price to retest $0.65 in August, the token has struggled to reach that level. However, as the month ends, crypto whales are accumulating XRP in large quantities. According to Santiment, whales holding 1 million to 10 million tokens have purchased 50 million XRP in the last 24 hours, valued at $29.5 million. This accumulation could reverse XRP's recent downtrend and drive its price higher.

The number of active addresses on Ripple's network has increased from 15,000 to 18,100, indicating more wallets interacting with the token. This activity suggests a bullish outlook, with XRP potentially moving towards $1 if the buying trend continues.

TraderSZ, a prominent crypto trader, believes XRP could rally toward $1, especially as it trades above the 20-day EMA. If XRP can break through resistance at $0.61 and surpass $0.63, it may resume its uptrend. However, increased selling pressure could push the price down to $0.54.