XRP Price Recovers From the Bottom As Whales Buy the Dips: You’ll Never Guess Why! 🐳💰

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Picture this, if you will: amid a veritable tempest in the crypto teacup-Ripple‘s darling, known as XRP, was not merely swimming but rather performing an impressive belly flop straight into the depths of despair at $1.5! Barely had the ink dried on the market crash headline when our resilient hero sprang back with enthusiasm typically reserved for a little dog chasing its tail. As it stands, one can now find XRP prancing about the trading floor at a dapper $2.44. 🐕💨

XRP Price Stages Sharp Rebound From Bottom

Last Friday, October 10, XRP found itself tumbling down the proverbial rabbit hole-one of its worst misadventures since, well… its last escapade! A jaw-dropping 42% drop had the little currency rolling over and gasping for air, all thanks to some heavy whale drama and a futures open interest pullback of about $150 million-talk about a financial slapstick! 🤦‍♂️

The swift sell-off thrust XRP to an unfortunate low of $1.54, but fear not, dear investors! It made a rapid recovery, bouncing back to $2.46 and causing trading volumes to soar by an astonishing 357%. A classic case of ‘what goes down must come back up’ or, as we often say, ‘the market is a bouncy castle!’ 🎈

$XRP daily liquidity.

All downside liquidity taken 😂

– Cryptoinsightuk (@Cryptoinsightuk) October 11, 2025

In a twist that verges on the melodramatic, October 18-21 looms with several spot Crypto ETFs itching for approval like schoolboys eager for the last bell. Of course, one can only speculate how much the ongoing US government shutdown will disrupt this delightful narrative! Pass the popcorn! 🍿

As fate would have it, our friend XRP has managed to don its longest capitulation wick in history for its encore performance. The last time we saw such a spectacle was in 2017, a season that preceded a meteoric rise-dare we say it was biblical? 🎭

$XRP – second longest capitulation wick in history (possibly the largest if candle closes higher)…

Last time (2017) we had the longest capitulation “wick/crash”…. XRP made BIBLICAL history thereafter!

Awaiting on the close to see if current wick is longer than 2017 wick🤔🧐…

– JD 🇵🇭 (@jaydee_757) October 10, 2025

On-chain data from our rather astute friends at Santiment suggests that XRP’s recent tumble wasn’t due to investors fleeing like rats from a sinking ship. Nay! Exchange balances have remained as stable as a teetotaler at a wine tasting, implying minimal spot selling activity. 📉

XRP Exchange Supply | Source: Santiment

No, dear reader, it appears our tryst with misfortune arose from the derivatives market, where far too many optimistic long positions were liquidated with all the grace of a hippo on roller skates. 🦛

XRP Whales Buy the Dips

While those peppy small traders found themselves getting liquidated quicker than you can say “bank run,” the whales were conspiring in the undercurrents, quietly hoarding XRP like some sort of digital treasure for a rainy day. Wallets waved their fins and swelled from 23.98 billion to a whopping 25.02 billion XRP-an addition of approximately 1.04 billion-worth some $2.54 billion at current rates! 💸

XRP whale purchases | Source: Santiment

So, in conclusion, while XRP may have faced existential crises worthy of a Shakespearean drama, it seems that the whales are navigating these choppy waters with a wink and a nod, underscoring that the decline wasn’t due to a shortage of cheerleaders but perhaps an overabundance of prima donnas in the market! 🌊

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2025-10-11 19:33