XRP has staged one of its sharpest single-day recoveries in months, surging 13% in 24 hours and reclaiming the $1.28 mark after two weeks.
The asset's price is now at $1.24, with a daily trading volume of $3.24 billion and a weekly gain of 5.81%.
This rebound was supported by reports of a US-Iran conflict resolution, which pulled risk assets higher and drew crypto buyers back in.
A key factor behind the recovery is the accumulation of XRP by whales - wallets holding at least 1 million XRP now control 74.1% of the total supply, having added a combined 1.53 billion coins over the past six months.
Santiment's on-chain data shows that sentiment toward XRP had fallen to some of its lowest points in 2026 before the bounce, but this was offset by persistent whale buying and low retail confidence.