In a plot twist worthy of a P.G. Wodehouse novel, XRP has defied gravity after weeks of abysmal declines, making a dramatic comeback as the day’s undisputed top performer among the crypto aristocracy.
According to the ever-vigilant BeInCrypto data, XRP leapt more than 4% in the past 24 hours, settling at a regal $2.38, rising from a measly $2.25 low on October 17. And for those keeping track, that was its most pathetic price point since the summer, when the birds were chirping and prices were soaring-sort of.
But Why the Resurgence, You Ask?
Blockchain boffins at Santiment have shed some light on this mysterious recovery, noting that XRP’s resurgence coincided with a sudden rise in the number of wallets belonging to mid-to-large-sized holders. And it’s not just any rise-this is the sort of jump that would make even the most composed of investors raise an eyebrow.
The number of wallets holding at least 10,000 XRP has soared to an all-time high of roughly 317,500. Yes, you read that correctly-317,500 wallets. Investors appear to have seized this moment of weakness to stock up on XRP, instead of fleeing for the hills, as many would have predicted. What’s that they say about buying low?
📊 XRP’s price has rebounded back a modest +5.3% since its bottom 12 hours ago. A good long-term sign is the number of mid-to-large stakeholders continues to grow. There are now an all-time high ~317.5K wallets with at least 10K $XRP.
🔗 Chart link:
– Santiment (@santimentfeed) October 17, 2025
Interestingly, this surge in whale activity mirrors earlier accumulation phases dating back to November 2024, when XRP first dared to break above the $1 mark. Since that bold day, every price dip has been followed by a resurgence of buying activity-almost as if investors believe in Ripple’s ecosystem more than they believe in their own grandmother’s recipe for fruitcake. Who knew?
Meanwhile, XRP futures open interest has taken a nosedive to a modest $3.49 billion, the lowest since June, according to CoinGlass data. One might say that leveraged positions are now as scarce as a well-written letter to the editor.
Market analysts, in their infinite wisdom, have noted that the decline in leveraged positions signals a reduction in speculative frenzy and a shift to a more cautious, defensive investor mindset. Could we be witnessing the dawn of a recovery phase? Only time will tell-but let’s just say that declines like this are often seen at market bottoms, where all the exhausted sellers are finally sitting down for a well-deserved tea break.
The Ripple Effect: Is XRP’s Future Bright?
But it’s not all about blockchain mumbo jumbo-Ripple’s corporate efforts are also keeping the pot bubbling with optimism for XRP’s future. Reports this week suggest that Ripple is preparing to launch a $1 billion Digital Asset Treasury (DAT) to manage and accumulate XRP as part of its long-term strategy. It’s almost as if Ripple’s got big plans-shockingly big plans.
Over the past two years, Ripple has shelled out approximately $3 billion acquiring major firms such as Metaco, Hidden Road, Rail, and GTreasury. What are they up to? Why, building an integrated corporate finance stack for XRP and its stablecoin, of course. It’s the sort of strategic maneuver that would make even the most seasoned business magnates clutch their pearls.
And just when you thought it couldn’t get any juicier, speculation is rife that the US Securities and Exchange Commission might just approve an XRP exchange-traded fund (ETF). Yes, you heard me correctly-an XRP ETF! The mere thought has sent shivers down the spines of investors, igniting a surge of applications for leveraged XRP ETF products. Clearly, the market’s appetite for high-risk, high-reward crypto adventures has been whetted once again.
In summary, Ripple is stacking the deck in favor of XRP’s long-term global dominance. If all goes according to plan, this digital asset could become as ubiquitous as that one song everyone hates but somehow ends up on every playlist. If that’s not a sign of impending greatness, I don’t know what is.
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2025-10-18 22:17