XRP has begun to recover from the recent crypto market downturn. This price upswing is being fueled by significant buying activity from large investors, known as whales, who are accumulating the coin in substantial quantities. The overall bearish sentiment surrounding XRP seems to be waning as the cryptocurrency enters a more positive phase.

Earlier today, a major XRP transaction occurred where over 26 million XRP tokens were transferred from Binance, a leading cryptocurrency exchange, to an unidentified wallet. This massive transfer, valued at approximately $13.62 million, is a strong indicator of a whale accumulating XRP. Whales often purchase cryptocurrencies on prominent platforms like Binance before moving them to private wallets for long-term holding.

This whale accumulation is generally viewed as a bullish signal for XRP's price. With the coin already showing an upward trend following the market crash, this buying spree is expected to provide substantial support and potentially propel the price to new heights. XRP has already demonstrated resilience by outperforming other major cryptocurrencies such as Ethereum in recent weeks. The current price surge, coupled with whale interest, suggests that XRP's bullish momentum is far from over.