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- XRP\u2019s recovery showed signs of resilience, with buyers stepping in despite decline in whale accumulation<\/span><\/em><\/li>\n
- Market sentiment and hike in trading volume seemed to be supporting XRP<\/span><\/em><\/li>\n<\/ul>\n
XRP\u2019s<\/a> price action has been heavily influenced by whale activity in recent weeks. In fact, following a period of declining whale accumulation, XRP suffered a notable price drop. However, it staged a major recovery over the last 12 hours or so. At the time of writing, it was up 8% on the charts.\u00a0<\/span><\/p>\n
This shift raises critical questions \u2013 How much has it lost since whale activity declined, and what factors could push the price aside from whale movements?<\/span><\/p>\n
Whale accumulation and XRP\u2019s price drop<\/h2>\n
On-chain data revealed that whale activity had been instrumental in driving XRP\u2019s<\/a> previous price surge. Large holders, particularly those holding between 100 million and 1 billion XRP, significantly accumulated the asset before the rally. <\/span><\/p>\n
However, as accumulation slowed, its price followed suit, retracing from its previous highs.<\/span><\/p>\n
From its peak, XRP lost more than 15% of its value by dropping to a low of $2.04 \u2013 Aligning with the decline in whale holdings<\/a>. This southbound movement confirmed the importance of institutional and whale interest in sustaining the altcoin\u2019s price momentum.<\/span><\/p>\n
![\"XRP](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/XRP-Ledger-XRP-05.02.13-01-Mar-2025.png\")
![\"XRP](\"data:image\/svg+xml,%3Csvg%20xmlns=\")
![\"XRP](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/XRPUSD_2025-03-01_05-07-41.png\")
- Market sentiment and hike in trading volume seemed to be supporting XRP<\/span><\/em><\/li>\n<\/ul>\n
![\"XRP](\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/03\/XRPUSD_2025-03-01_05-07-41.png\"\/)