XRP Wallet Growth Hits 8-Month High Amid Whale Activity

• XRP sees 21,000+ new wallets in just 48 hours
• Whale selling slows down after major outflows
• Signals possible retail interest and bullish sentiment

In a remarkable development for the XRP community, the number of XRP wallets has surged to an 8-month high, with over 21,000 new wallets created in just 48 hours. This sharp uptick highlights growing retail interest in XRP, especially during a time when major token holders—commonly known as whales—appear to be stepping back from heavy selling.

This sudden growth in wallet addresses may signal increased market optimism, especially from smaller investors who could be entering the market in anticipation of a price recovery or a longer-term bullish trend.

Whales Pause After $650M XRP Outflows

The timing of this wallet growth aligns with a slowdown in whale activity. Over the past few days, XRP whales have significantly capped their selling following massive outflows totaling $650 million. Historically, whale sell-offs often trigger short-term price corrections, but the recent pause suggests a potential shift in strategy—either consolidation or accumulation.

This behavior might be calming investor fears and providing confidence to retail participants. The reduction in whale pressure could offer a more stable environment for XRP’s price to recover or maintain strength.

Is a Bullish Reversal on the Horizon?

With whale selling subsiding and new wallet creations rising, XRP could be setting the stage for a bullish reversal. While price trends have yet to confirm a breakout, on-chain data points to a more engaged and optimistic community.

If this momentum continues, XRP may not only regain lost value but also attract more participants, reinforcing its position in the competitive crypto space. However, investors should still proceed with caution, as the market remains sensitive to broader macroeconomic and regulatory factors.