XRP price recovered sharply after recent weakness, rising as traders returned to risk assets. The token climbed about 13% in 24 hours and briefly reclaimed the $1.28 level. Santiment linked the move to improving market conditions and stronger whale accumulation. The next test now sits around key support levels after the breakout cooled down.
Santiment said XRP’s rebound came after market sentiment dropped to one of its weakest levels in 2026. The token had earlier pulled back toward $1.05, which left many traders cautious. However, better market conditions helped buyers return as fear eased across crypto markets.
The recovery also followed reports that the U.S.-Iran conflict had reached a resolution. That reduced pressure on risk assets and supported a wider crypto market bounce. XRP gained from that shift, but its move stood out after several weeks of weak sentiment.
EGRAG Crypto said XRP followed the earlier 4-hour setup closely. The analyst noted that XRP held the $1.14 zone, moved toward $1.1938, broke above it, and then reached $1.2600. Price later climbed as high as $1.2996 before sellers pushed it lower.
XRPUSD 4-Hour Chart | Source: X
The analyst now sees $1.19 as the main level to watch. A hold above that area keeps the short-term structure bullish. However, a loss of $1.19 could send XRP back toward lower support, while a drop below $1.14 would weaken the setup.
Santiment data shows that wallets holding at least 1 million XRP now control 74.1% of the circulating supply. That equals about 45.98 billion tokens under the control of large holders. The figure shows that major wallets still hold a large share of XRP supply.
These wallets also added about 1.53 billion XRP over the past six months. The buying continued even as XRP faced price weakness and weak market sentiment. This trend suggests that large holders kept building positions during the pullback.
XRP Millionaire Wallet | Source: Santiment
Whale accumulation often draws attention because it can shape market confidence. In XRP’s case, the latest data shows steady buying from large wallets during a difficult market period. Traders now want to see whether this activity continues after the recent price jump.
Still, XRP price must hold key support after its latest breakout. A strong hold above $1.19 could support another attempt toward higher resistance.
Santiment also pointed to Ripple’s institutional payment network as another factor behind long-term market interest. Ripple continues to expand payment services and pursue regional licenses. The company also moved to acquire BC Payments Australia to support its work in the country.
Ripple’s business activity remains tied to cross-border payments and enterprise blockchain services. Earlier this year, its subsidiary GTreasury acquired Solvexia to strengthen reporting and operations. These moves keep institutional use cases in focus for XRP market watchers.
Tokenization activity on the XRP Ledger has also grown. Santiment data showed tokenized assets on XRPL reached $3.7 billion in represented value. The network also hosts 293 real-world asset projects, according to the reported figures.
This growth keeps XRPL part of the wider tokenization discussion. Investors continue to track whether network activity can support XRP price demand over time. At the time of reporting, XRP price traded over 4% to $1.23 after retreating from its intraday high.
