XRP Whale Count Hits An All-Time High Amid Market Turmoil

Group 1: XRP Price Movement - XRP has shown renewed strength, climbing over 4% in the past 24 hours to trade near $2.38, rebounding from a low of $2.25 on October 17, which was its weakest price level since early July [1] - The recovery of XRP coincides with a significant increase in mid- to large-sized holders, with the number of wallets holding at least 10,000 XRP reaching an all-time high of approximately 317,500, indicating accumulation rather than exit by investors [2] - Each price correction of XRP has historically been followed by renewed buying pressure, reflecting growing confidence in Ripple's ecosystem and long-term roadmap [3] Group 2: Market Dynamics - Open interest in XRP futures has sharply declined to $3.49 billion, the lowest level since June, indicating reduced speculative activity and a shift towards more defensive investor behavior [4] - The decline in open interest often coincides with market bottoms, suggesting that selling exhaustion may lead to recovery phases [5] Group 3: Ripple's Corporate Strategy - Ripple is reportedly preparing a $1 billion Digital Asset Treasury (DAT) company to manage and accumulate XRP as part of its long-term reserves, which may be fueling market optimism [7] - Over the past two years, Ripple has spent approximately $3 billion on acquisitions of major firms, including Metaco, Hidden Road, Rail, and GTreasury, aiming to build an integrated corporate finance stack for XRP and its Ripple USD (RLUSD) stablecoin [8]