XRP jumps 13 percent to $1.28 after major wallets buy in

XRP, after several weeks of sluggish performance in the cryptocurrency market, has staged a notable comeback. The token surged 13 percent in the last 24 hours, climbing back above the $1.28 mark for the first time in two weeks. This sharp move suggests that market participants are once again turning their attention to XRP amid renewed optimism and shifting market dynamics.Swift reversal after selling pressureLarge wallets boost accumulationRipple ecosystem developments catch attentionETF flows stand out Swift reversal after selling pressureThis rally follows what was seen as one of the bleakest periods for XRP since 2026, signaling a change in overall sentiment. Data from analytics firm Santiment revealed that fear among investors had reached extreme levels. Such phases of heightened fear often pave the way for short-term relief rallies as conditions become primed for a rebound.It was highlighted that the recovery in XRP was not limited to retail investors alone, as on-chain metrics showed large wallet holders also shifting to accumulation mode.As market sentiment recovered, buyers stepped in to drive the price higher. Notably, both short-term traders and larger-scale investors contributed to this shift, underscoring a broad-based resurgence in demand for XRP.Large wallets boost accumulationOn-chain data indicates that wallets holding at least 1 million XRP now control 74.1 percent of the total supply. Over the last six months, this cohort of major investors has amassed an additional 1.53 billion XRP. This accumulation pattern suggests that large holders have viewed recent weakness not as a reason to sell, but rather as an opportunity to increase their positions. Such buying activity is typically interpreted as a sign of long-term confidence. Big investors tend to approach the market with a broader perspective, often disregarding daily price swings. As a result, this accumulation has offered critical support for XRP in the face of recent price pressures.Ripple ecosystem developments catch attentionAnother factor bolstering investor confidence is ongoing progress in the Ripple ecosystem. Ripple, widely recognized as a technology company specializing in cross-border and institutional payment solutions, continues to expand its network in corporate payments—a trend that has not gone unnoticed among market participants.In addition, tokenization projects developed on the XRP Ledger are opening up new use cases, with broader adoption of these initiatives expected over time. Such expansion contributes to the utility and perceived value of the XRP network.Flare co-founder Hugo Philion commented on a recent podcast that many projects which once criticized Ripple’s enterprise infrastructure are now adopting similar strategies. Ripple CEO Brad Garlinghouse has echoed these sentiments with parallel statements about the shifting industry landscape.ETF flows stand outOn the institutional demand front, the momentum has also swung in XRP’s favor. XRP-focused exchange-traded funds (ETFs) have outpaced both Bitcoin and Ethereum in net inflows for five consecutive weeks. This continued capital movement into XRP, despite broader outflows from other digital assets, has fueled expectations that the recovery may continue.However, it is important to note that these figures serve as market analysis and do not guarantee future price moves. Cryptocurrency markets remain characterized by high volatility and unpredictable swings.Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.