TLDR
XRP (XRP) has rebounded sharply, with on-chain data showing large holders accumulating aggressively as price jumped about 13% in 24 hours.
- XRP bounced from roughly 1.10 to around 1.28 in a single day, erasing part of a 50% drawdown from January highs.
- Wallets holding at least 1 million XRP now control about 74% of supply after adding roughly 1.53 billion tokens in six months, helping tighten liquid supply.
- The rebound sits below heavy resistance near 1.30, so the next moves of whales and ETF flows, plus macro risk sentiment, are critical to whether this turns into a sustained trend.
Deep Dive
1. Scale Of The XRP Rebound
On-chain analytics firm Santiment reports that XRP surged more than 13% in 24 hours, reclaiming about 1.28 for the first time in two weeks after dropping to a low near 1.10 on 11 June, describing it as an "impressive comeback" following a major sentiment slump.
This move comes after XRP fell over 50% from above 2.30 in January, so the rebound is sizeable in the short term but still only partially repairs the larger downtrend.
Macro also helped: reports of a U.S. Iran conflict resolution eased risk-off pressure, nudging traders back into major altcoins and supporting XRP's bounce alongside broader crypto.
2. Whale Accumulation And Flow Structure
Multiple analyses say whales have been steadily absorbing XRP. Santiment and others note that wallets holding at least 1 million XRP now control about 74.1% of supply and have accumulated roughly 1.53 billion XRP over the past six months, a record concentration for large holders.
Research highlighted in outlets like CryptoPotato and Crypto.news points out that this buying came while retail sentiment was at multi-month lows, which often sets up relief rallies once fear fades and supply on exchanges thins.
Exchange data shows a similar story: whale deposits to Binance have been subdued, while some metrics show net withdrawals and concentrated activity on exchanges like Upbit, suggesting more XRP moving into longer-term holding rather than being parked for immediate sale.
Spot XRP products have also seen several weeks of positive ETF inflows even as many Bitcoin and Ethereum products recorded outflows, adding another layer of demand from institutional channels.
Large holders absorbing supply while ETFs take in funds reduces immediate sell pressure, which can amplify upside when macro conditions and sentiment improve, but it also concentrates power in a few wallets.
3. Levels, Scenarios, And Risks
Technically, many analysts flag the 1.20 to 1.30 band as a heavy resistance zone that has capped recent rallies; some see a daily close above about 1.30 as the confirmation needed for a more durable trend shift.
On the downside, recent commentary points to supports around 1.18 and 1.14, with deeper risk toward the 1.05 to 0.90 area if momentum fails and broader market stress returns.
Despite the sharp rebound, XRP is still reported to be down roughly double digits over the past month and more than 40% over the past year, so this looks more like a strong relief move than a proven new uptrend.
The main risk is that whales who accumulated into weakness could choose to distribute into strength near resistance, turning supportive supply dynamics into headwinds if they start sending large tranches back to exchanges.
Confidence: high because several independent analytics and news sources report similar whale accumulation figures, price ranges, and flow patterns.
Conclusion
XRP's 13% rebound aligns with a classic relief rally: macro tension eased, sentiment was washed out, and whales plus ETFs had already been soaking up supply.
If price can hold above recent support and break convincingly through the 1.30 area without a spike in whale deposits to exchanges, this move could evolve into a broader recovery; if not, it risks reverting to a short-lived squeeze in a still-choppy market.
CoinsKid.Com