Whales Go on XRP Buying Spree

$XRP has staged an impressive market comeback, surging 13% in just 24 hours to reclaim the $1.28 level for the first time in two weeks.

This rapid recovery follows a period where sentiment toward the asset had hit some of its lowest levels of 2026.

According to analytics firm Santiment, this created the perfect conditions for a relief rally once fear began to fade among traders.

Strong whale accumulation

The rally is strongly supported by the behavior of $XRP's largest holders, often referred to as "whales."

According to on-chain data, wallets holding at least 1 million $XRP currently control 74.1% of the entire supply.

These major holders have been aggressively accumulating, adding 1.53B coins to their collective holdings over the past six months.

Sustaining long-term confidence

Market participants remain focused on key developments within the Ripple ecosystem that continue to bolster confidence:

Ripple’s expanding institutional payment network remains a cornerstone of investor interest.

Growing tokenization initiatives on the $XRP Ledger are being closely watched by traders as a driver of long-term utility and adoption.

Ripple’s long-standing institutional strategy, once ridiculed by the crypto industry as a "banker coin," is now being vindicated. During a recent podcast appearance, Flare co-founder Hugo Philion emphasized the hypocrisy of competitors now rushing to prioritize the same enterprise-grade payment infrastructure that they previously criticized. Ripple CEO Brad Garlinghouse endorsed this sentiment.

Strong ETF demand

As reported by U.Today, for the fifth consecutive week, $XRP ETFs have outperformed Bitcoin and Ethereum in net capital inflows. This shows that institutional interest remains steady despite broader market bearishness. Other major assets have faced outflows, but $XRP's consistent performance is a rather hopeful signal.