XRP Whales Just Bought Big, Will Price Recover to $2?

XRP has staged a sharp rebound after a steep sell-off rattled investor confidence across the market. The token had suffered heavy losses, triggering fear-driven exits among retail holders.

However, select investor cohorts viewed the decline as an opportunity. Their strategic accumulation has already begun shifting momentum in XRPs favor.

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XRP Holders Exhibit Substantial Support

XRP whales have taken an active role in driving the recent recovery. Over the past 48 hours, wallets holding between 100 million and 1 billion XRP accumulated more than 230 million tokens. At current prices, this buying spree exceeds $335 million, signaling strong conviction among large holders.

This accumulation coincided with Friday‘s rebound, highlighting whales’ influence on price direction. Large-scale buying reduces circulating supply and absorbs sell-side pressure.

Such behavior often acts as a catalyst during corrective phases, helping stabilize price and restore confidence when broader sentiment remains fragile.

XRP Whale Holding. Source: Santiment

Network activity also supports the recovery narrative. New XRP address creation surged alongside whale accumulation. Over the same 48-hour period, first-time transacting addresses increased by 51.5%, reaching 5,182. This marks the highest level of new participation in roughly two and a half months.

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An influx of new investors strengthens rallies by injecting fresh capital rather than recycling existing liquidity. Rising participation suggests growing interest beyond short-term speculation.

With new addresses expanding and whale support present, XRPs recovery attempt gains structural backing at the macro level.

XRP New Addresses. Source: GlassnodeWhat Is XRP Prices Next Target？

XRP is trading near $1.46 at the time of writing, hovering just below the $1.47 resistance. The altcoin rebounded 20.5% after a severe downturn that erased 36% of its value in a few days. This bounce reflects improving demand conditions following capitulation.

Whale accumulation and rising network activity increase the probability of further upside. A push toward $1.70 appears achievable in the near term. This level represents a key psychological barrier. A successful break would likely attract additional inflows and strengthen the recovery structure.

Downside risk remains if resistance holds. Failure to clear $1.58 could invite renewed selling pressure. Under that scenario, XRP may fall below $1.37 and slide toward $1.28. Such a move would invalidate the bullish thesis and erase a significant portion of the recent rebound.