XRP’s recent recovery attempt was cut short after the altcoin failed to secure the $2.50 level as support once again.
Following a brief surge, XRP’s price dropped alongside the broader crypto market over the past 24 hours. Despite renewed accumulation from major investors, the token continues to struggle to regain upward momentum.
XRP Whales Take The Charge Again
Investor interest in XRP is showing signs of revival. Over the last 48 hours, the number of new investors surged by 226%, reaching 13,514. This sharp increase signals growing confidence among retail participants who appear convinced that XRP has the potential to stage a short-term reversal.
SponsoredHowever, while new entrants are buying, most of these inflows remain moderate. The lack of heavy participation from retail traders has limited XRP’s momentum. Still, the steady rise in investor activity suggests that sentiment is gradually improving.
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Large holders, or whales, have also shown renewed optimism toward XRP. In the past four days, addresses holding between 10 million and 100 million XRP accumulated over 320 million tokens, valued at more than $768 million. This significant activity coincided with the asset’s recent rebound attempt, highlighting confidence among institutional players.
The timing of this accumulation is notable, as whale activity often precedes market recoveries. The strategic purchases reflect long-term optimism about XRP’s outlook, particularly given its relatively stable performance compared to other altcoins during recent market corrections.
XRP Should Prepare For Recovery
XRP price is currently at $2.40, holding above the crucial $2.36 support zone. The altcoin’s recurring challenge remains breaking through the $2.50 resistance, a level that has repeatedly capped its upside potential over recent weeks.
Failure to establish $2.50 as support has led to continued volatility. However, renewed whale accumulation and rising investor participation may help XRP rebound from $2.36 and retest the $2.50 threshold in the coming sessions.
If the bullish momentum weakens, XRP risks losing its $2.36 support level. A drop below this mark could push the price down to $2.28, effectively invalidating the recovery outlook attempt and extending the bearish phase.
