XRP surged by 13 percent in the last 24 hours, climbing to $1.28 and marking its highest level in two weeks. This rally comes after one of the asset’s weakest market sentiment periods since 2026. On-chain data and continued institutional interest are seen as primary drivers behind this upswing.
Whale accumulation takes the spotlight
According to Santiment, easing market fears have fueled a strong relief rally in XRP. The analytics firm noted that previously subdued expectations created fertile ground for a sharp rebound in the market.
On-chain reports show that wallets holding at least 1 million XRP now control 74.1 percent of the total supply. Over the past six months, these large investors have added 1.53 billion XRP to their holdings. This accumulation trend is interpreted as a sign that long-term confidence in XRP remains intact among major players.
The surge in XRP appears to be gaining momentum as market anxiety fades, with accumulation by large wallets providing further support.
Key developments in the Ripple ecosystem
Investors are not only watching price movements but are also closely monitoring updates within the Ripple ecosystem. Ripple is renowned for its focus on cross-border payment solutions as a leading fintech company. The firm’s ongoing efforts to expand its institutional payment network remain a core pillar for XRP’s growing appeal.
Meanwhile, tokenization initiatives on the XRP Ledger are attracting significant attention. Market participants believe growth in this domain could further expand the network’s practical use cases and boost adoption over the longer term.
Mini glossary: Tokenization refers to the conversion of real world assets or financial instruments into digital tokens on a blockchain. The XRP Ledger serves as the blockchain infrastructure powering the creation and transfer of such digital assets.
Institutional strategy and ETF performance attract notice
Ripple’s long standing institutional strategy is also regaining attention. Flare co founder Hugo Philion, in a recent podcast, remarked that while rivals once criticized Ripple’s enterprise payment infrastructure, many have shifted toward similar initiatives. Ripple CEO Brad Garlinghouse echoed this viewpoint in support of Philion’s comments.
Hugo Philion highlighted that infrastructure for enterprise level payments, previously criticized in Ripple’s approach, is now being prioritized by competitors. Brad Garlinghouse has backed this view as well.
Additionally, as reported by U.Today, XRP ETFs have surpassed Bitcoin and Ethereum in net capital inflows for the fifth consecutive week. Despite a generally sluggish broader market, this stands as a key indication that institutional interest in XRP is holding strong. While major assets have seen outflows, the consistent inflows into XRP are being watched closely by the market.
