XRP Eyes a Rebound as Whales Buy Aggressively Amid 21% Decline

Updated

January 30, 2026

Gambar XRP Eyes a Rebound as Whales Buy Aggressively Amid 21% Decline

Jakarta, Pintu News – The price of XRP has almost erased all the gains made since the beginning of the year in the past three weeks. The large-cap altcoin has dropped more than 21% during that period, and as of Thursday, January 29, 2026, it was trading at around $1.88.

XRP’s price decline is in line with the bearish sentiment sweeping the crypto market in general in the medium term, while the precious metals industry is showing bullish tendencies.

On January 29, XRP prices fell by almost 2%, whereas Gold and Silver prices surged to new record highs respectively, driven by the Federal Reserve’s FOMC decision in January.

XRP Whale Starts Buying Back

Based on Santiment’s analysis of on-chain data, XRP saw the return of a significant number of whale investors.

🐳🦈 XRP's price is down a modest -4% since the start of 2026, but its amount of 'millionaire' wallets are rising for the first time since September. A net of +42 wallets with at least 1M $XRP have returned to the ledger, an encouraging sign for the long-term. pic.twitter.com/nmB4hCxtZO
— Santiment (@santimentfeed) January 28, 2026

After more than 784 XRP accounts each holding a minimum of 1 million coins exited the market between October and December 2025, Santiment reported that since January 1, 2026, 42 new whale accounts have reappeared.

The demand for XRP from these large investors is supported by the existence of spot ETF (exchange-traded fund) products in the United States. Since the beginning of the year, the XRP spot ETF has recorded net fund inflows of around $92 million.

Why Whale Buying Now?

The renewed demand for XRP comes in the wake of regulatory clarity in various global jurisdictions, especially in the United States. The ongoing implementation of the GENIUS Act is also driving the growth of Ripple USD (RLUSD), which has now reached a market capitalization of over $1.4 billion.

The planned passage of the CLARITY Act is also expected to further strengthen the adoption of XRP among institutional investors. In addition, Ripple Labs is also increasing the utility of XRP through strategic acquisitions and business partnerships.

Is a Rebound Happening?

To support the possibility of a rebound in XRP prices in the near future – triggered by increased demand from whales – XRP’s Open Interest (OI) needs to increase. Based on market data from CoinGlass, XRP OI is currently still at a low level compared to its peak in mid-2025.

In terms of technical analysis, the price of XRP has been stuck in a consolidation phase for several months, although macro-wise it is still in a long-term bull trend.

The price of XRP also remains highly correlated with Bitcoin and the altcoin market in general, which has been weakening recently due to changes in global macroeconomic conditions. Moreover, liquidity flows into the crypto industry have been siphoned off by the bullish rally in precious metals, particularly Gold and Silver.

Under these conditions, the price of XRP is likely to retest the support level around $1.38 before potentially starting the parabolic phase of the ongoing macro bull trend.

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