XRP is staging a notable rebound after a steep sell-off, recovering more than 14% to trade above $1.50 as of Feb. 6. The token hit an intraday low of $1.12 earlier in the session before buyers stepped in aggressively, pushing the price back above the $1.46 area. The recovery follows a multi-day decline that wiped roughly 20% of XRP's value over the past week, exacerbated by approximately $46 million in liquidations after the price broke below the $1.40 support level. Technical bargain buying played a key role as the Relative Strength Index entered deeply oversold territory. Furthermore, anticipation ahead of XRP Community Day on Feb. 11 has contributed to renewed interest among traders.
Whale Transactions Surge to 4-Month Peak
Blockchain analytics firm Santiment shared on social media platform X on Feb. 6 that XRP's rebound is supported by heavy whale accumulation and a surge in XRP Ledger activity. The firm stated: “Since bottoming out below $1.15 just under 18 hours ago, the #4 market cap has now recovered to back above $1.50.” Santiment highlighted a chart showing that 1,389 separate whale transactions of $100,000 or more occurred during the dip, marking the highest level in four months. Such elevated whale transaction counts typically reflect confidence among large holders and often precede sustained price reversals. The firm described this as “one of the major signals of a price reversal.”
Network Addresses Hit 6-Month High
In addition to whale accumulation, network participation expanded sharply. Santiment revealed that the number of unique addresses on the XRP Ledger suddenly ballooned to 78,727 in a single 8-hour candle, a six-month high. The firm noted that panic sellers should have noticed the massive activity as speculators discussed whether XRP would fall below $1.00. Rapid growth in unique addresses indicates expanding participation and liquidity, suggesting that demand is strengthening beyond a temporary relief bounce. Santiment emphasized that the combination of these on-chain metrics — high-value transfers and address growth — has historically been a strong predictor of price reversals.
On-Chain Momentum Supports Sustained Recovery
While broader market conditions continue to influence short-term volatility, XRP's sustained growth in both whale transactions and active addresses positions it as one of the few digital assets currently exhibiting clear on-chain momentum. The rebound is seen as structurally supported rather than a mere technical bounce. With XRP Community Day approaching and whale accumulation continuing, traders are watching for further upside catalysts. As Santiment concluded, the data points to a structurally supported price recovery, reinforcing that large holders are positioning for a sustained move higher.