XRP has rebounded sharply after a sharp market-wide decline shook investor confidence. The token suffered heavy losses and caused fear-driven withdrawals among retail holders.
However, a certain cohort of investors saw the decline as an opportunity. Their strategic accumulation has already begun to shift momentum in XRP’s favor.
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XRP holders express substantial support
XRP whales have played an active role in driving the recent recovery. Over the past 48 hours, wallets holding between 100 million and 1 billion XRP have accumulated over 230 million tokens. At current prices, this buyout is worth more than $335 million, demonstrating strong conviction among large holders.
This accumulation coincided with Friday’s rebound, highlighting the influence whales have on the direction of prices. Large purchases reduce circulating supply and absorb pressure on the seller side.
Such actions often act as catalysts during corrections, helping to stabilize prices and restore confidence when broader sentiment remains fragile.
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Network activity also supports the story of recovery. The creation of new XRP addresses skyrocketed with the accumulation of whales. In the same 48 hours, first-time transaction addresses increased by 51.5% to 5,182. This was the highest level of new participants in about two and a half months.
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The influx of new investors strengthens the rally by injecting new capital rather than recycling existing liquidity. The increase in participation suggests growing interest beyond short-term speculation.
With the expansion of new addresses and the presence of whale support, XRP’s recovery attempt is gaining structural support at the macro level.
What’s next for XRP price?
XRP is trading around $1.46 at the time of writing, just below the $1.47 resistance level. The altcoin rebounded 20.5% after a deep recession that wiped out 36% of its value in a matter of days. This recovery reflects improved demand conditions following the capitulation.
Accumulation of whales and rising network activity increases the likelihood of further rises. A push to $1.70 seems achievable in the short term. This level represents an important psychological barrier. If the break is successful, it is likely to attract further inflows and strengthen the recovery structure.
If resistance holds, downside risk remains. Failure to clear $1.58 could lead to fresh selling pressure. In that scenario, XRP could fall below $1.37 and towards $1.28. Such a move would invalidate the bullish argument and erase a significant portion of the recent rally.
