XRP whales drive double-digit rebound after slump

TLDR

XRP (XRP) has snapped back with a double digit bounce from recent lows as large holders accumulated heavily during a period of weak sentiment and macro relief.

1. XRP jumped around 13% in 24 hours to about 1.28 after a deep drawdown, helped by easing USIran tensions and a broader altcoin rebound.
2. On-chain data shows wallets with at least 1 million XRP now hold roughly 74 percent of supply after adding about 1.53 billion XRP over six months.
3. The move is not yet a confirmed trend reversal, with key levels near 1.20 support and 1.271.30 resistance and whale behavior still the main things to watch.

Deep Dive

1. Size And Drivers Of The Rebound

After sliding more than 50 percent from over 2.30 in January to roughly 1.10 on 11 June, XRP rallied more than 13 percent in 24 hours, reclaiming the 1.28 area for the first time in two weeks.[^cp]

Several reports tie this comeback to a broader risk-on shift after news of a USIran conflict resolution, which lifted Bitcoin, eased oil prices, and helped major altcoins, including XRP, bounce together.[^yahoo][^crypto-news]

Santiment also highlighted that sentiment toward XRP had fallen to some of its weakest levels of 2026 just before the move, a backdrop that has often preceded sharp relief rallies in past cycles.[^cp]

2. Whale Accumulation And Supply Concentration

Multiple analyses of Santiment data report that millionaire wallets holding at least 1 million XRP have accumulated about 1.53 billion tokens over the past six months and now control roughly 74.1 percent of circulating supply.[^finbold][^crypto-news]

Crucially, this accumulation continued while price trended down from above 3 in late 2025 toward the recent lows, suggesting large holders increased exposure into weakness rather than distributing into strength.[^finbold]

Some coverage notes that mega-whale tiers (10 million plus XRP) are at their highest concentration since 2018, reinforcing how much influence a relatively small group of addresses has over available supply.[^coinpedia]

3. Levels, Flows And Breadth To Watch

Despite the spike, XRP still trades well below its 50-day and 200-day moving averages near 1.32 and 1.58, so the higher timeframe trend remains under pressure.[^finbold]

Analysts flag 1.20 as a first support area and the 1.271.30 zone as key resistance; losing 1.18 again would make the move look like another oversold bounce rather than a trend change.[^binance-news][^crypto-news]

ETF products and regional flows add nuance: XRP-linked funds have seen steady net inflows in recent weeks and now hold hundreds of millions of XRP, while spot demand has become unusually concentrated on Koreas Upbit, raising questions about how broad the rally really is.[^amb][^amb2]

Conclusion

XRPs double digit rebound looks like the intersection of macro relief, contrarian sentiment and sustained whale accumulation rather than a clean, standalone breakout. Large holders have tightened their grip on supply, which can support sharp rallies but also amplifies downside if they sell into strength. Watching how price behaves around 1.201.30, alongside whale flows and ETF demand, is key to judging whether this move evolves into a durable uptrend or fades as another relief bounce.

[^finbold]: XRP millionaire wallets accumulation [^crypto-news]: Whale accumulation and rebound setup [^cp]: Impressive comeback after sentiment slump [^yahoo]: Macro-driven XRP rally coverage [^binance-news]: Breakout above 1.20 and key levels [^amb]: ETF inflows and uneven exchange demand [^amb2]: Whales go on XRP buying spree [^coinpedia]: Whale concentration and macro backdrop