Oct 11, 2025
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XRP Rebounds 13% After Whales Increase Holdings by $2.54 Billion
The recent crypto market downturn has significantly impacted XRP, which experienced a 13% drop, trading at $2.44 after hitting an intraday low of $1.54. Despite the decline, trading volume surged by 357% to over $21.5 billion.
XRP Market Dynamics
- XRP's price plummeted 42% due to heavy whale liquidations and a $150 million decrease in futures open interest.
- Analysts suggest this might indicate a liquidity flush, potentially setting the stage for a rebound if buying pressure increases.
- Upcoming spot Crypto ETFs could influence XRP's future performance, although a US government shutdown poses risks.
- Current market conditions resemble those before a significant rally in 2017, fueling speculation about a potential reversal.
On-chain data from Santiment shows that despite the price drop, exchange balances remain stable, indicating minimal spot selling. The decline seems driven by derivatives market activities, with long positions being liquidated as key support levels were breached.
XRP Whale Activity
- Whales have been accumulating XRP during the dip, increasing their holdings by approximately 1.04 billion XRP, valued at around $2.54 billion.
- This accumulation reflects rising whale holdings alongside stable exchange balances, suggesting the decline was not due to spot selling.
