Key insights:
- XRP sentiment rises to two-year high after Rakuten integration boosts adoption and social media optimism.
- Whale wallets accumulate 1.15 billion XRP during price dip as large holders increase positions steadily.
- The token price falls nearly 10% from April peak despite rising optimism and strong accumulation trends.
- Santiment notes price gains often follow after initial excitement fades and market stabilizes over time.
XRP has gained fresh attention after new adoption news and strong whale accumulation. Data shows rising optimism, while price movement remains cautious in the short term.
Rising Sentiment Tied to Rakuten Integration
According to Santiment, XRP recorded its second-highest bullish sentiment in two years. The increase followed news of integration with Rakuten’s ecosystem. The update allows users to convert reward points into the token, expanding its real-world use.
The firm stated that the token is seeing its 2nd highest bullish sentiment across social media in the past 2 years. Traders reacted to the adoption news, as the token holds a top position by market value. Market participants often track such integrations for long-term growth signals.
Santiment also noted that price reactions may not occur immediately after such developments. The firm explained that these events don’t often instantly lead to major price outbreaks, adding that price movement tends to follow after early excitement slows.
The report connected this trend to past market behavior, long-term gains often appear after initial excitement fades. Traders have watched XRP decline about 55% over nine months, which shaped current expectations.
Whale Accumulation Increases During Price Dip
Data from TheCryptoBasic showed large holders buying XRP during recent price weakness. The asset declined nearly 10% from its April 17 peak of $1.51. Despite this drop, whale wallets increased their holdings.
Addresses holding between 10 million and 100 million XRP added 420 million tokens. At the same time, wallets with at least 1 billion XRP accumulated 730 million tokens. In total, whales acquired about 1.15 billion XRP within 11 days.
Whales lead aggressive dip buying” during the recent correction. Such accumulation often signals confidence among large holders, although short-term price action remains mixed. Market observers monitor these movements closely.
The token price stands at $1.37, with a 24-hour volume exceeding $2.46 billion. The asset recorded a 1.62% decline over the past day. While sentiment has improved, price trends continue to show cautious movement.
