XRP Bounces Back After Recent Slump

[madmax]

XRP is showing renewed strength, climbing over 4% in the past 24 hours to trade near $2.38, rebounding from a low of $2.25 on October 17 — its weakest level since early July.

Blockchain analytics firm Santiment reports that accumulation among mid- to large-sized holders is driving the rally. Wallets holding at least 10,000 XRP have reached an all-time high of roughly 317,500, echoing past accumulation phases seen since November 2024.

Analysts suggest this buying behavior signals growing confidence in Ripple’s ecosystem and long-term roadmap, marking a potential recovery after weeks of declines.

[Nahid10]

XRP’s recovery shows traders are buying the dip, betting on strong fundamentals ahead.

[EmTeam]

If this trend holds, we might see renewed bullish sentiment forming around key support levels.