BULLISH 📈 : XRP price surges 25% as whale activity boosts recovery

The recent volatility in the crypto market saw XRP dip to $1.16, its lowest since November 2024. However, it quickly recovered, briefly reaching $1.5, driven by significant whale activity.

Key Factors Behind XRP's Recovery

On-chain data indicated substantial whale accumulation as XRP neared its bottom.
Approximately 1,389 transactions of $100,000 occurred during the dip, the highest in four months.
XRP Ledger saw a rise in unique addresses, peaking at 78,727 in an 8-hour period, marking a six-month high.

This combination of increased whale demand and network activity suggests potential for XRP's price resurgence. Nonetheless, caution is advised due to the nature of relief rallies in bear markets.

XRP Price Overview

Currently, XRP trades at around $1.46, representing a near 25% increase in the last 24 hours, though it remains down over 16% for the week.