XRP Whales Absorb Selling Pressure as Price Drops

XRP investors have been witnessing a mixed bag of signals lately, as the price has dropped by 6% despite growing whale accumulation and surging network activity.

Santiment data shows that the number of XRP Ledger wallets holding at least 1 million XRP has increased by 32 over the past three months, despite a 29% plunge in XRP's market capitalization.

This divergence suggests large holders have continued accumulating during the market downturn rather than retreating alongside prices. Santiment pointed to Ripple's RLUSD stablecoin as another fundamental development, noting its growing institutional presence alongside Ripple's payments, custody, and tokenization infrastructure.