The XRP price has bounced back again after a short dip, gaining a little over 5% in the past twelve hours. The price is now hovering around $2.35, showing signs that buyers are defending the $2.20 zone quite well. That level has turned into a key support area – a spot where traders seem confident enough to step back in and protect the trend.
What the XRP Chart Shows
New data from Santiment paints a clear picture of steady accumulation. There are now more than 317,500 wallets holding at least 10,000 XRP. That’s the highest number ever recorded and about 1.8% more than a month ago. It may not sound like much, but it’s a strong signal that mid-sized and larger investors are quietly stacking while the market stays uncertain.
The blue line on the chart shows this group of wallets rising steadily even through pullbacks. Price corrections haven’t slowed them down – in fact, many tend to add more when XRP dips. This kind of slow, consistent growth in holders usually means confidence is building under the surface. In past cycles, similar behavior has appeared just before stronger rallies.
What’s happening now looks like classic long-term accumulation. Coins are moving away from short-term speculators and toward hands that don’t sell often. That shift usually helps stabilize price action, since these holders are less likely to dump during volatility.
Even though overall trading volume has calmed down from the highs of September, XRP’s rebound from $2.20 indicates a healthy market structure. There’s no sign of panic – just cautious optimism and slow, steady buying. It’s the kind of setup that often leads to more balanced growth instead of sharp spikes.
Read also: You Might Regret Selling XRP Too Soon: Here’s Why
XRP Short-Term Price Outlook
As long as the $2.00 support holds, the outlook remains positive. If bulls manage to push past $2.40, the next resistance sits near $2.60. Losing $2.00, though, could trigger a deeper correction back to around $1.80 before any new attempt higher.
For now, on-chain data looks encouraging. With more wallets holding 10K+ XRP than ever before, it’s clear that accumulation hasn’t stopped – even when price action cools off. That kind of quiet confidence often ends up shaping the next leg of the trend.
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