XRP Price Shows Signs of Reversal

The rapid recovery observed after the sharp pullback in Ripple (XRP) has attracted the attention of investors. While recovery efforts continue across the cryptocurrency markets, the XRP price has shown a remarkably strong performance during this process.

According to data, XRP quickly turned its direction upwards after dropping below $1.15 about 18 hours ago and has re-established itself above $1.50. This movement stands out as one of the most remarkable recoveries among assets that rank high in market capitalization.

Data from Santiment indicates that while panic selling intensified during the sharp decline, on-chain activity unusually increased during this period. Particularly during the discussions among investors about whether the price would drop below $1, it was observed that the transaction volume on the XRP Ledger noticeably rose.

Whale investments have also shown a remarkable increase. According to Santiment's data, a total of 1,389 separate whale transactions of $100,000 and above were recorded during the decline. This number of transactions has reached the highest level in the last 4 months, indicating that large investors viewed the drop as a buying opportunity.

Moreover, network data presents a strong picture. The number of unique addresses on the XRP Ledger increased to 78,727 in just an 8-hour time frame. This increase stands out as the highest address growth recorded in the last 6 months. Experts suggest that this sudden surge in address numbers indicates both speculative interest and an expectation of a potential price reversal have strengthened.

All these developments reveal that the market has not only recovered following the drop in XRP, but there has also been a significant increase in appetite for buying the dip. The critical levels that investors should monitor are pricing above $1.50, while the $1.15 level can be considered an important support point in the event of a potential correction.