- XRP Recovers 8% After Whale Sell-Off: Despite a 15% drop to $2.04, XRP has bounced back to $2.21, with whales resuming accumulation, though not at previous levels.
- Other Market Forces Now in Play: Retail and institutional traders are stepping in, with higher trading volume and strong support at $2.10, signaling potential resilience beyond whale activity.
- Key Levels to Watch: If XRP holds above $2.10, a push toward previous highs is possible, but if whale activity slows again, another sell-off could be looming.
XRP’s price action has been on a rollercoaster ride, heavily influenced by whale movements in recent weeks. After a period of declining whale accumulation, XRP took a sharp hit, but in the last 12 hours, it’s bounced back—climbing 8% on the charts.
This raises some big questions—How much has it really lost since whales slowed down their buying? And is something else, aside from whale activity, now driving the price?
Whale Accumulation and XRP’s Drop—A Direct Link?
On-chain data shows that large XRP holders—specifically those with 100 million to 1 billion XRP—played a huge role in fueling the asset’s previous rally.
- Before the run-up? Whales were buying heavily.
- As accumulation slowed? XRP’s momentum faded.
From its peak, XRP dropped over 15%, hitting a low of $2.04—which lined up perfectly with declining whale holdings. This reinforced the idea that institutional and whale activity are key to sustaining XRP’s price strength.
12-Hour Recovery—Whale Activity Picks Up Again
Over the past 12 hours, XRP has been climbing again, bouncing back to $2.21 at press time. Interestingly, whales have resumed accumulation, though not at the intensity seen in earlier rallies.
This suggests two things:
- Whales aren’t fully dictating the price anymore—other market forces are stepping in.
- Retail and institutional traders may be re-entering, helping to hold support levels.
Technical indicators are also flashing signs of strength:
- RSI is recovering from oversold conditions, signaling renewed buying interest.
- 50-day & 200-day moving averages suggest XRP remains in a broader uptrend, despite recent volatility.
Beyond Whales—What’s Actually Driving XRP Now?
While whale activity is a major factor, XRP’s recent recovery suggests other forces are at play:
- Crypto market sentiment is stabilizing, giving altcoins like XRP room to bounce.
- Higher trading activity indicates retail and institutional investors are stepping in, preventing another steep drop.
- Strong support at $2.10 is holding firm, suggesting buyers are stepping up at key levels.
- Potential XRP Ledger upgrades or adoption news could further boost confidence.
What’s Next? Can XRP Hold Its Gains?
This 12-hour rebound shows that XRP isn’t solely dependent on whale activity—but whales still play a role.
- If XRP stays above $2.10 and whale buying continues, a push toward previous highs could be on the table.
- If whale activity slows again, XRP might struggle to hold its gains, potentially facing another wave of sell-offs.
The next few days will be crucial—will XRP build on its momentum, or will the bears take back control? Stay tuned.
