XRP Whales Signal Bullish Trend – Discover the Details

Bassyonni

ago 4 hours

XRP Whales Signal Bullish Trend – Discover the Details

XRP has demonstrated renewed strength after enduring significant declines, emerging as a leading performer among major cryptocurrencies. The token has risen over 4% in the past 24 hours, trading near $2.38 after dipping to $2.25 on October 17. This low marked its weakest price since early July.

XRP Recovery and Increased Investor Activity

The recovery of XRP coincides with a notable increase in mid- to large-sized holders. Data from the blockchain analytics firm Santiment reveals that the number of wallets holding at least 10,000 XRP has surged to an all-time high of approximately 317,500. This accumulation pattern indicates that investors are taking advantage of the recent price pullback rather than exiting the market.

XRP price rebound: +5.3% since the lowest point 12 hours ago.
Wallets with 10,000+ XRP: ~317.5K, an all-time high.

Such patterns reflect previous accumulation phases observed since November 2024, when XRP first traded above $1. Each price correction has been followed by an uptick in buying pressure, showcasing investor confidence in Ripple’s ecosystem and its long-term roadmap.

Market Dynamics and Open Interest Trends

Simultaneously, open interest in XRP futures has sharply fallen to $3.49 billion, marking its lowest level since June, as reported by CoinGlass. Market analysts suggest that this decline in leveraged positions denotes diminished speculative activity, indicative of a shift towards more cautious investor behavior.

Historically, decreases in open interest often align with market bottoms, where selling exhaustion paves the way for recovery phases.

Ripple’s Strategic Initiatives

Beyond on-chain signals, Ripple’s corporate strategy is contributing to increasing market optimism around XRP. Recent reports suggest that Ripple is preparing a $1 billion Digital Asset Treasury (DAT) company aimed at managing and accumulating XRP for its long-term reserves. Over the past two years, Ripple has invested around $3 billion in acquisitions, including notable firms such as Metaco and Rail. These strategic purchases are designed to enhance its corporate finance infrastructure for XRP and the Ripple USD (RLUSD) stablecoin.

Market Speculation on XRP ETF

Additionally, speculation is building that the US Securities and Exchange Commission could soon approve an XRP exchange-traded fund (ETF). This anticipation is reflected in the increasing applications for leveraged XRP ETF products, signifying renewed institutional interest and a growing appetite for higher-risk investments.