Santiment says XRP whale, shark holdings rise, supporting rebound

On-chain analytics firm Santiment said XRP’s brief recovery to $1.16 was driven by accumulation by whale and shark wallets. In a post on its official X account, Santiment said holdings in wallets holding between 100,000 and 100 million XRP rose 2.8% over the past five weeks, while balances in small wallets holding under 0.1 XRP fell 5.2%. Large investors have steadily accumulated XRP while small holders have reduced their balances, it said. Santiment added XRP has historically tracked the moves of major holders more closely than those of retail investors, calling that a signal supporting the recent rebound. According to CoinMarketCap, XRP was recently trading at $1.14, up around 2.89%.