XRP staged a powerful rebound on Friday, surging nearly 20% as intensified whale accumulation helped reverse a steep sell-off that rattled the broader cryptocurrency market earlier this week.
After briefly bottoming out below the $1.15 level less than 18 hours earlier, XRP rebounded aggressively, reclaiming the $1.50 mark swiftly. The sudden turnaround drew attention from analysts, many of whom point to heightened activity among large holders as a key driver behind the move.
Popular on-chain analytics firm Santiment highlighted a notable surge in on-chain activity during the rebound. According to its data, the XRP Ledger recorded 1,389 whale transactions worth $100,000 or more, marking the highest level of large-holder activity in the past four months.
At the same time, network participation spiked sharply. Santiment reported that the number of unique XRP addresses jumped to 78,727 over an eight-hour period, marking the largest single-day increase in six months.
Notably, such spikes in address activity and large-value transactions often coincide with accumulation phases and can signal the formation of a short-term market bottom.
“Crypto markets are rebounding, but XRP’s price has been on a particularly huge tear,” Santiment noted. “Panic sellers may have overlooked the massive activity on the XRP Ledger as speculation grew over whether XRP would fall below $1.00. The clear whale accumulation during this dip is a strong indicator of a potential price reversal.”
Technical analysts echoed the improving outlook. Market analyst Cryptowzrd reported that XRP closed the session with a strong bullish daily candlestick, setting a new daily high.
The XRP/BTC trading pair also showed signs of renewed strength, suggesting further upside relative to Bitcoin. Still, analysts cautioned that a brief pullback or consolidation could follow such a rapid recovery, allowing the market to stabilize before attempting another leg higher.
Meanwhile, analyst Javon Marks highlighted XRP’s bounce following a successful retest of prior resistance, an area that has historically preceded major upside moves. According to Marks, similar setups in the past have led to significant breakouts toward measured move targets.
The analyst reiterated his longer-term bullish outlook, referencing an earlier analysis that identified a “coil” pattern forming around $0.50 in April 2024. That structure ultimately preceded a rally toward nearly $4 in 2025, representing a gain of roughly 580%, before a corrective pullback toward the $2 region.
Based on trendline extensions and historical price behavior, Marks projects a minimum breakout target of $15-$20, implying potential upside of more than 600% from current levels.
At press time, XRP was trading at $1.46, reflecting a 10.85% gain over the past 24 hours.
Source: https://zycrypto.com/clear-whale-accumulation-xrp-rebounds-20-with-1389-large-transactions-in-a-single-day/
