XRP surged more than 25% in a sharp market rebound, while large holders reportedly accumulated another 300 million tokens in just 96 hours, adding fresh momentum to the cryptocurrency’s recovery.
Notably, the token traded relatively flat on Monday after its sharp rally, while the cryptocurrency’s weekly gains approached 38%, significantly extending its recent recovery.
The latest price move has coincided with renewed buying activity among XRP’s largest holders. Popular analyst Ali Martinez reported that whales had accumulated more than 300 million XRP over a 96-hour period.
At prices around $1.38, that accumulation represents roughly $414 million worth of XRP, although the actual value would have varied depending on when the purchases occurred.
Meanwhile, the buying comes after months of what on-chain data has described as relatively quiet accumulation. CryptoQuant data has shown average XRP spot order sizes remaining in a range associated with large investors, suggesting that bigger market participants have continued building positions even before the latest breakout.
 
The increase in large-holder activity is particularly notable because it occurred alongside XRP’s rapid price appreciation rather than after an extended decline.
Additionally, whale accumulation is not the only indicator pointing to stronger market participation. XRP trading activity also picked up substantially as the token began its latest advance.
CryptoQuant previously reported that XRP open interest on Binance reached about $461.3 million, its highest level in roughly two months. Rising open interest indicates more capital entering the derivatives market as traders position around the cryptocurrency’s price movements.
Notably, on-chain activity has also improved. Santiment recently stated that XRP reached its highest network activity level in more than two months, after a period when activity fell close to yearly lows.
That development suggests some large holders have continued increasing their exposure even as XRP traded through a relatively subdued period earlier in the year.
XRP’s move above $1 has restored bullish momentum after the cryptocurrency spent considerable time below that threshold. The latest rally has also fueled increasingly optimistic forecasts among market analysts.
Moreover, analyst Javon Marks argued that XRP’s breakout could open the door to a much larger advance, while other analysts have pointed to long-term targets substantially above current prices. Those projections remain speculative, however, and would require XRP to maintain its momentum through future resistance levels.
Furthermore, analyst Crypto Patel has presented a bullish long-term case for XRP, pointing to its fast transactions, low fees, and potential for broader real-world payment adoption. Patel has argued that XRP reaching the $10-$20 range is not necessarily unrealistic over the long term, although such targets remain highly speculative.
At press time, XRP was trading at $1.368, reflecting a 1.80% gain over the past 24 hours.
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