XRP Capitulation Selling Is Over Is Reclaiming $1.50 a Sign of a Major Rally?
XRP Capitulation Selling Is Over Is Reclaiming $1.50 a Sign of a Major Rally?
XRP has successfully staged a powerful rebound after enduring a historic capitulation, sending a signal that the market may have found a bottom. While frightened retail investors rushed to sell, whales amassed tokens at a record pace, emerging as the driving force behind the price recovery.
Amid broad downside pressure across the digital asset market, XRP recently slid to as low as $1.15, its weakest level since November 2024. Fears of a breakdown below the critical $1 support triggered widespread panic selling. However, XRP demonstrated strong downside resilience at that level and quickly rebounded, regaining the $1.50 mark.
The key catalyst behind the rebound was aggressive buying by so-called whales, or large-scale investors. On-chain data from analytics firm Santiment shows that as XRP approached its bottom, there were 1,389 whale transactions exceeding $100,000. This marked the highest figure in the past four months, indicating that major investors viewed the drop as a temporary oversold condition and focused on buying the dip.
Meaningful signals were also observed in network activity. During the price plunge, the number of unique addresses and transaction volumes on the XRP Ledger (XRPL) surged rather than declined, reflecting heightened on-chain movement. Analysts noted that while retail participants exited the market in fear, underlying network demand and technical indicators were quietly building momentum for a rebound. As capitulation selling subsided, selling pressure eased and fresh buying interest began to take control.
Technical analysts say that if XRP can firmly establish itself above $1.50, the next targets lie between $1.60 and $1.85. A decisive breakout above the $1.97 resistance level could signal an exit from the descending channel and a transition into a stronger upward trend. However, ongoing volatility in Bitcoin remains a key variable, making the defense of the $1.40 support level a critical inflection point for the near-term trend.
As the broader cryptocurrency market seeks stability after extreme volatility, XRP is emerging as one of the first major altcoins to demonstrate resilience, boosting investor confidence. With renewed interest from institutional players, this rebound in XRP may serve as a milestone signaling a structural reconfiguration of the market. Investors are closely monitoring further whale inflows and network activity metrics as they prepare for potential rally scenarios ahead.
*Disclaimer: This article is for investment reference only, and no responsibility is taken for any investment losses based on it. The content should be interpreted solely for informational purposes.*
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