XRP has regained bullish momentum after weeks of declines, emerging as the top-performing major cryptocurrency. According to BeInCrypto data, XRP surged over 4% in the past 24 hours to trade around $2.38, rebounding from a recent low of $2.25 — its weakest level since early July.
On-chain data from Santiment reveals that this rebound aligns with a sharp rise in mid- to large-sized XRP holders. The number of wallets holding at least 10,000 XRP has reached an all-time high of roughly 317,500, signaling accumulation among investors rather than panic selling. This pattern mirrors previous phases of accumulation since November 2024, each followed by renewed price strength as confidence in Ripple’s ecosystem grows.
Meanwhile, CoinGlass reports that open interest in XRP futures dropped sharply to $3.49 billion, marking its lowest level since June. Analysts interpret this decline in leveraged positions as a sign of cooling speculative activity and a potential market bottom — historically a precursor to recovery phases driven by stronger fundamentals.
Ripple’s broader corporate strategy also appears to be bolstering market optimism. The company is reportedly establishing a $1 billion Digital Asset Treasury (DAT) to manage and accumulate XRP for long-term reserves. Ripple has already invested about $3 billion in acquisitions — including Metaco, Hidden Road, Rail, and GTreasury — to create an integrated corporate finance infrastructure supporting XRP and its Ripple USD (RLUSD) stablecoin.
Adding to investor enthusiasm, speculation is rising that the U.S. Securities and Exchange Commission may soon approve an XRP exchange-traded fund (ETF). The anticipation has led to a surge in applications for leveraged XRP ETF products, signaling renewed institutional interest.
Together, these developments reinforce growing confidence in XRP’s resilience, Ripple’s strategic roadmap, and the token’s expanding role in global digital finance.
Comment 0