While the Market Panics, Crypto Whales See Opportunity in XRP — A Big Rebound Ahead?

Jakarta, Pintu News – The price of XRP (XRP) experienced one of the sharpest declines so far this year. In a matter of hours over the weekend, it plummeted from $2.83 to a low of $1.77 before bouncing back to around $2.44.

Despite recovering, the price of XRP is still down around 14% in the last 24 hours (11/10) and almost 20% in a week. However, the data suggests that this fall was not a typical sell-off – but rather the result of a market panic triggered by derivative positions, rather than an actual token sale.

Now, as the price of XRP begins to show signs of recovery, a group of major market participants are seen adding to their holdings of the token.

Panic in Derivatives Market, Not Spot Selling

On-chain data confirms that this drop was not caused by a wave of investors selling their tokens.

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Over the past month, the supply of XRP on exchanges has remained virtually unchanged – even as the price plummeted sharply. This suggests that few tokens are actually being sent to exchanges for sale.

Instead, the downturn likely started in the derivatives market, where highly leveraged long positions were liquidated after prices broke through important support levels. When that happens, the exchange automatically closes the futures contract, which triggers a forced sell-off in the order book – even though no tokens have actually moved on-chain.

This off-chain panic is evident in the Wyckoff Volume Spread Analysis (VSA): a large red bar appears as the liquidation wave reaches its peak, followed by a yellow bar as the selling pressure begins to subside.

A color change from red (full seller control) to yellow (weakened control) usually signals that forced liquidation is starting to diminish.

The VSA method is used to track the relationship between price and volume to see when buying or selling pressure dominates. However, VSA cannot distinguish the source of the volume – whether it comes from spot sales or the liquidation of derivative positions.

The last time XRP’s Wyckoff bars showed a similar transition from red to yellow in early May, the token’s price rebounded more than 54% from its low. If this pattern repeats, XRP could potentially experience a similar move once the panic subsides – with a price target around $2.74.

Whales Begin Accumulation as Market Cools

When small traders are forced out of the market, the whales quietly seize the moment to buy.

According to data from Santiment, wallets holding more than 1 billion XRP increased their holdings from 23.98 billion to 25.02 billion XRP after the price crash – an addition of approximately 1.04 billion XRP, or the equivalent of $2.54 billion based on the current XRP price.

Such behavior is in line with on-chain data: there was no significant spike in exchange balances, while whale holdings actually increased. This confirms that the price drop was not caused by spot selling, but rather a panic in the derivatives market that was offset by massive accumulation from whales.

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This often marks the bottom phase of a market sentiment-driven downturn – wherestrong hands absorb the panic ofweak hands before the recovery phase begins.

XRP Price Eyes “Rebound Target” as Recovery Takes Shape

On October 11, 2025, the price of XRP was around $2.44. This level coincides with the 0.5 Fibonacci line measured from the previous high to the $1.70 area, which became a new low in recent weeks.

If XRP is able to close the day above $2.43, the technical structure will be stronger to continue the move towards $2.59, with a potential extension to $2.82 as a key resistance level. This level is also in line with Wyckoff’s previous projection that the price could break $2.74.

However, if the price drops below $2.28, this bullish formation will weaken and open up further downside potential to around $2.05.

With whales continuing to add to accumulation, supply on the exchanges remaining stable, and the wave of forced liquidations beginning to subside, the data points to a clear shift in market sentiment.

Yesterday’s sharp drop was not a sign of true capitulation, but rather a panic-driven emotional correction, which could instead be the start of XRP’s next short-term rebound.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. XRP Whale Analysis After Crypto Market Crash. Accessed on October 13, 2025