XRP has staged a sharp rebound over the past 24 hours, with more than $11 billion flowing back into the token as investors moved in following a steep, market-wide sell-off.
By press time, XRP’s market capitalization stood at $89.14 billion, up from $77.86 billion a day earlier, marking an increase of $11.28 billion in a single session.
XRP market cap chart. Source: CoinMarketCapThe recovery followed a violent downturn that pushed XRP to multi-month lows near the $1.15 level, briefly intensifying fears of a deeper breakdown.
Instead, buyers stepped in aggressively, pushing prices higher. As of press time, XRP was trading around $1.46, reflecting a gain of roughly 13% over the same 24-hour period as broader cryptocurrency markets began to stabilize.
Why XRP price is rebounding
On-chain data from Santiment showed clear signs of accumulation during the dip. Whale activity surged, with 1,389 transactions worth more than $100,000 recorded on the XRP Ledger, the highest level seen in four months.
At the same time, network participation spiked sharply, as the number of unique active addresses jumped to 78,727 within a single eight-hour window, marking a six-month high.
The Santiment data suggests that large holders and active traders moved decisively to accumulate XRP as prices collapsed, a pattern that often precedes short-term price reversals.
It is worth noting that the rebound appears to have been driven less by a single XRP-specific catalyst and more by a combination of relief buying and improving sentiment across the digital asset market.
As Bitcoin (BTC) and other major cryptocurrencies recovered from recent losses, XRP amplified the move, a pattern often seen during volatility-driven snapbacks.
XRP price remains fragile
While the rapid inflow and strong price reaction suggest confidence is returning after capitulation selling, market conditions remain fragile.
In this case, XRP’s price action remains technically weak despite the rebound. The token is trading well below its key moving averages, with the 50-day simple moving average (SMA) near $1.92 and the 200-day SMA around $2.42, confirming that XRP remains in a broader bearish trend and has yet to reclaim important resistance levels that would signal a sustained reversal.
Momentum indicators paint a more neutral picture in the very short term. The 14-day relative strength index (RSI) is around 37.9, placing XRP below the midpoint but not yet in deeply oversold territory. This suggests selling pressure has eased compared with the recent crash, though buying momentum remains cautious rather than decisive.
Featured image via Shutterstock
Source: https://finbold.com/over-11-billion-flows-into-xrp-in-a-day-after-massive-crash/
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