XRP Whales Flash Major Green Signal – Here’s What Happened
The post XRP Whales Flash Major Green Signal – Here’s What Happened appeared on BitcoinEthereumNews.com.
XRP is showing renewed strength after weeks of steep declines, emerging as the day’s top performer among major cryptocurrencies. According to BeInCrypto data, the token climbed more than 4% in the past 24 hours to trade near $2.38, rebounding from a $2.25 low on October 17. Notably, this was its weakest price level since early July. Sponsored Sponsored Why Did XRP Rebound? Blockchain analytics firm Santiment reported that XRP’s recovery coincided with a sharp rise in mid- to large-sized holders. According to the firm, the number of wallets holding at least 10,000 XRP has reached an all-time high of roughly 317,500. This increase suggests that investors used the recent pullback to accumulate rather than exit. 📊 XRP’s price has rebounded back a modest +5.3% since its bottom 12 hours ago. A good long-term sign is the amount of mid to large stakeholders continues to grow. There are now an all-time high ~317.5K wallets with at least 10K $XRP. 🔗 Chart link: https://t.co/iI8L53Ue7a pic.twitter.com/qOom9t876s — Santiment (@santimentfeed) October 17, 2025 Notably, this pattern mirrors previous accumulation phases observed since November 2024, when XRP first broke above $1. Since then, each XRP price correction has been followed by renewed buying pressure from investors who are increasingly confident in Ripple’s ecosystem and long-term roadmap. At the same time, open interest in XRP futures has fallen sharply to $3.49 billion, according to CoinGlass data. This is its lowest level since June. XRP Open Interest. Source: CoinGlass Sponsored Sponsored Market analysts noted that the decline in leveraged positions signals reduced speculative activity and a shift toward more defensive investor behavior. Historically, such declines in open interest often coincide with market bottoms, where selling exhaustion gives way to recovery phases. Ripple’s Effort Bolsters XRP Beyond on-chain signals, Ripple’s corporate strategy may also be fueling market optimism…
Filed under: News - @ October 18, 2025 7:25 pm