Ripple's XRP Shows Signs of Life Amid Summer Slump

XRP has been struggling throughout the summer, shedding nearly 30% of its value since mid-May.

Despite this slump, large wallets holding at least 1 million XRP have continued to grow, increasing by 32 over the past three months while the market cap declined by 29%

Santiment's analysis suggests that stronger holders are absorbing panic, and patience is replacing price-related hype.

According to analyst Ali Martinez, large investors bought more than 380 million units in seven days, worth nearly $400 million at the time, which could reduce supply and support prices if demand holds steady or rises.