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$XRP is attempting a strong recovery after last week’s decline, with the altcoin posting an 8% rise in the past 24 hours.
The broader market’s positive shift is helping $XRP regain momentum, but the real catalyst appears to be renewed confidence from large investors. This surge in whale activity could position $XRP for a retest of multi-week highs.
$XRP Whales Rescue The Altcoin
Whale buying has intensified as $XRP approached the $2.00 psychological level earlier this week. On-chain data shows that wallets holding between 100 million and 1 billion $XRP collectively accumulated 620 million $XRP in just a few days. At current prices, this accumulation is worth more than $1.36 billion.
Such aggressive buying at discounted levels indicates that whales are positioning for a potential rebound and view the recent dip as a buying opportunity rather than a trend reversal. Their renewed confidence signals that the upside potential outweighs the short-term volatility.
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The macro backdrop for $XRP is also showing marked improvement. The HODLer Net Position Change — an indicator tracking movements among long-term holders — is flashing bullish for the first time since mid-October. The metric has shifted back into positive territory, signaling that LTHs have stopped selling and are once again accumulating.
Support from long-term holders is critical for maintaining price floors during periods of market uncertainty. Their return provides $XRP with a more stable base and reduces the likelihood of major downside moves, priming the asset for sustained recovery should broader market conditions remain favorable.
$XRP HODLer Net Position Change">
$XRP Price Has A Shot At Recovery
$XRP is trading at $2.20 at the time of writing, up 8% in 24 hours after bouncing cleanly from the $2.00 intra-day low. The rebound from this key psychological level reinforces bullish sentiment and aligns with heavy whale accumulation.
Holding $2.20 as support places $XRP in a strong position to target $2.36 next. If $XRP manages to break this resistance, the altcoin could climb toward $2.50 and log its highest price in three weeks. Whale buying and LTH support make this scenario increasingly realistic.
$XRP Price Analysis. ">
However, failure to maintain investor confidence could still introduce downside risk. If selling pressure increases, $XRP may slip back to the $2.02 support level. This would invalidate the bullish setup and erase recent gains.
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