XRP surged more than 13% within 24 hours, briefly reclaiming the $1.28 level for the first time in 2 weeks before retracing toward the $1.18 zone, according to data from CoinCodex and on-chain analytics firm Santiment. The rally coincided with reports that tensions between the United States and Iran had eased, restoring confidence across cryptocurrency markets. While retail investors sold during weeks of declining prices, whale wallets holding at least one million XRP accumulated an additional 1.53 billion coins over the past six months, increasing their control to approximately 74.1% of the asset's total supply. The divergence highlights a growing divide between retail fear-driven selling and large holder conviction during periods of market weakness.
XRP Reclaims $1.28 Level After 13% Surge
XRP delivered one of its strongest rebounds in recent weeks, surging more than 13% within 24 hours. The asset briefly reclaimed the $1.28 level for the first time in 2 weeks before retracing toward the $1.18 zone, according to CoinCodex data. The rally emerged as cryptocurrency markets responded positively to reports that tensions between the United States and Iran had eased, triggering broad-based buying activity throughout the crypto market. XRP was among the biggest beneficiaries of the shift in sentiment.
The recovery occurred at a time when market sentiment toward XRP had fallen to some of its lowest levels. Following weeks of weakness, many retail traders had grown increasingly pessimistic, with fear-driven selling accelerating as prices declined.
Whale Wallets Accumulated 1.53 Billion XRP Over Six Months
Santiment's on-chain data reveals that wallets holding at least one million XRP now control approximately 74.1% of the asset's total supply. These whale wallets accumulated an additional 1.53 billion XRP over the past six months, steadily increasing their exposure despite market volatility and negative sentiment.
Retail Investors Sold While Whales Increased Exposure
While many retail investors were selling during the decline, large holders were quietly accumulating. Market sentiment toward XRP had fallen to some of its lowest levels following weeks of weakness. Many retail traders had grown increasingly pessimistic, with fear-driven selling accelerating as prices declined. During this period, whale wallets continued to add to their positions, increasing their control of the total supply.
Ripple Expands Institutional Payments Network
Ripple's expanding institutional payments network continues to strengthen its presence in cross-border finance. Tokenization initiatives on the XRP Ledger are attracting growing attention from enterprises exploring blockchain-based asset issuance. The support level of $1 continues to hold.
FAQ
What caused XRP to surge more than 13% within 24 hours?
XRP surged more than 13% within 24 hours as cryptocurrency markets responded positively to reports that tensions between the United States and Iran had eased. The resolution of geopolitical uncertainty helped restore confidence across risk assets, triggering broad-based buying activity throughout the crypto market.
How much XRP did whale wallets accumulate over the past six months?
Whale wallets holding at least one million XRP accumulated an additional 1.53 billion coins over the past six months, according to on-chain data from Santiment. These large holders now control approximately 74.1% of XRP's total supply, steadily increasing their exposure despite market volatility and negative sentiment during the period.
