The price of Ripple’s XRP cryptocurrency is showing signs of recovery, with data from Santiment indicating increased interest from whales who hold XRP. The price of XRP rose by 4% over the weekend, reaching $0.56, and there are currently 221 addresses holding between 10 million and 1 billion XRP. Ripple’s decision to return 80% of the one billion XRP tokens released in August to an escrow or custody account could also be contributing to the price recovery. Investor interest in XRP has surged by 127% this year, and Ripple’s recent victory against the SEC may be influencing investors’ decisions. While the bullish trend is still somewhat fragile, XRP remains the fifth cryptocurrency with the highest market capitalization.
AI Sentiment: Positive
