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XRP has shown strong recovery momentum after weeks of decline, emerging as one of the day’s top-performing cryptocurrencies. The altcoin rebounded to $2.43, marking a 13% rise from Friday’s low of $2.18, fueled by increased whale activity and a shrinking exchange supply.
According to Santiment, the number of wallets holding at least 10,000 XRP has surged to an all-time high of 317,500, signaling heavy accumulation by large holders. “The amount of mid to large stakeholders continuing to grow is a good long-term sign,” Santiment said.
Market data shows that XRP’s supply on centralized exchanges has dropped from 6.12% to 3.9% in the past month a strong indicator of reduced sell pressure and growing confidence in XRP’s long-term value.
Crypto analysts suggest XRP could retest its $3 target, provided it breaks the key $2.59 resistance, which aligns with the 200-day Simple Moving Average (SMA). A close above $2.65 on the 3-day timeframe would confirm a bullish breakout, potentially completing a V-shaped recovery pattern with an upside target near $3.40.
Meanwhile, Ripple’s reported plan to build a $1 billion Digital Asset Treasury could further strengthen XRP’s ecosystem and market outlook.
| Top 5 Cryptocurrencies | Price (USD) | Market Cap (Approx.) |
| Bitcoin (BTC) | $67,850 | $1.34 Trillion |
| Ethereum (ETH) | $2,520 | $303 Billion |
| Tether (USDT) | $1.00 | $114 Billion |
| BNB (Binance Coin) | $580 | $84 Billion |
| XRP (Ripple) | $2.43 | $132 Billion |
With record whale accumulation, declining exchange supply, and bullish technical patterns, XRP appears poised for a potential breakout toward $3 and beyond provided it sustains momentum above key resistance levels. The coming days will be crucial in determining whether this marks the start of a new bullish phase for the token.
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