LONDON (IT BOLTWISE) – XRP price is showing signs of recovery after rebounding from recent lows. A rise of almost 4% suggests that selling pressure is easing. Particularly noteworthy is the behavior of the largest XRP holders, who are adding to their holdings as Ripple approaches US banking license status.
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XRP price has recovered from its recent lows and is showing signs of stabilization. A rise of almost 4% since yesterday’s low suggests that selling pressure is easing. This development is supported by a new metric that suggests bearish pressure is easing. Most notably, Ripple, the issuer of XRP, recently moved one step closer to regulated bank status. This draws attention to whether large holders continue to enter the market to confirm a true trend change.
On the daily chart, XRP price has shown a bullish divergence between December 1st and December 12th. During this period, price made a lower low while the Relative Strength Index (RSI) made a higher low. The RSI measures momentum, and this pattern often occurs when selling pressure subsides before an upswing. This setup has already sparked a recovery, but what makes it particularly compelling is the behavior of the whales. The two largest XRP holder groups have already begun to respond.
Wallets holding more than 1 billion XRP have increased their holdings to 25.42 billion from 25.36 billion on December 9th. At the same time, wallets holding between 100 million and 1 billion XRP have reversed their sales trend, increasing from 8.08 billion on December 11 to 8.15 billion at the time of publication. In total, these two groups have added about 130 million XRP. At the current price, that represents a net accumulation of approximately $265 million. This confirms that the largest holders are not only observing the divergence but also reacting to it.
Timing is also important. Ripple recently made progress in securing a US banking license, reinforcing the long-term institutional narrative. This regulatory backdrop adds additional weight to whales’ interest at these levels. For the bullish divergence to remain valid, the XRP price must continue to rise. The first important level is $2.11. A daily close above would mark a 3.72% increase from current levels and confirm that buyers are regaining near-term control.
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