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XRP witnessed a sharp rebound after the strong sell-off shook investors’ confidence in the market. The token suffered huge losses, leading to a fear-fueled exit among retail holders.
However, some select investors saw this decline as a real opportunity. Its strategic accumulation has already started to shift the momentum in favor of XRP.
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XRP holders are showing great support
XRP whales have played an active role in driving the recent recovery. In the last 48 hours, wallets containing between 100 million and 1 billion have been collected More XRP From 230 million symbols. At current prices, this kind of purchase exceeds $335 million, which indicates a strong conviction among major owners.
This buildup coincides with Friday’s rebound, highlighting the influence of whales on the direction of the price. The purchase largely reduces the circulating supply and absorbs the selling pressure.
This behavior often acts as a catalyst during corrective phases, helping to stabilize the price and restore confidence when sentiment remains fragile.
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Network activity also supports the recovery narrative. I left Creation of new XRP addresses With the accumulation of whales. During the same 48-hour period, first-time transaction addresses increased 51.5%, to 5,182. This represents the highest level of new hire in about two and a half months.
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An influx of new investors fuels the rally by injecting new capital rather than recycling existing liquidity. Increased participation indicates increased interest beyond short-term speculation.
As new addresses expand and support whales, XRP’s attempted recovery receives structural support at the macro level.
What is the next target for XRP price?
Trading XRP It is near $1.46 at the time of writing, and remains just below the $1.47 resistance. The altcoin recovered 20.5% after a sharp decline that wiped out 36% of its value in just a few days. This rebound reflects improved demand conditions following the surrender.
The accumulation of whales and increased net activity increases the likelihood of a further strike. A push towards $1.70 looked possible in the near term. This level represents a great psychological barrier. A successful decoupling is likely to attract more inflows and strengthen the recovery structure.
The downside risk remains if resistance continues. A break above $1.58 may bring new bullish pressure. In this scenario, XRP may go down Below $1.37 and falling towards $1.28. Such a move would nullify the bullish hypothesis and wipe out much of the recent rally.
