$XRP has recovered nearly all the losses from the recent Thursday market crash, as whale accumulation and a unique address spike drive positive momentum.
The broader crypto market suffered another disastrous day on Thursday, Feb. 5, leading to losses comparable to the 10/10 crash. Specifically, the global crypto market lost $311 billion on Feb. 5, dropping 12.69% in its largest intraday decline since the FTX-inspired crash on Nov. 9, 2022.
Being one of the most liquid altcoins in the market, $XRP witnessed some of the largest losses, crashing by a whooping 19.62% to $1.21 by the close of the day. However, it appears $XRP has now recovered nearly all these losses, with the rebound driven by whale accumulation and a unique address spike.
Key Points
- The crypto market witnessed a disastrous day on Thursday, Feb. 5, losing $311 billion in a single day amid a 12.69% decline.
- $XRP, being one of the most liquid tokens in the market, suffered some of the biggest losses, declining by 19.62% to $1.21.
- Now, $XRP seems to have recouped nearly all the losses suffered on Feb. 5, up more than 10.4% over the past 24 hours to $1.4.
- The recent recovery effort comes from a combination of whale accumulation and a unique address surge.
- $XRP still trades within a bearish position, down 16.48% in the past week, but holding up better than Bitcoin, Ethereum, and the rest of the top 5 assets.
$XRP Collapses in the Feb 5 Market Crash
Santiment, a leading blockchain analytics resource, spotlighted the recent development as the crypto market tries to recover from the Feb. 5 turbulence. For context, the crash, which led to $311 billion in global crypto valuation, pushed the total crypto market cap to a low of $2.05 trillion for the first time since October 2024.
While Bitcoin contributed the most to this loss, amounting to $205 billion in lost valuation, $XRP also suffered a sizable decline worth $18.12 billion, the third-largest in the market, despite only being the fourth-largest token. Michaël van de Poppe suggested that $XRP’s harder collapse was due to its drop into an air pocket.
A Rebound Effort
However, market data confirms that $XRP appears to be recovering better than the rest of the market as the rebound campaign begins. Notably, on Feb. 6, $XRP surged by 21% close above the $1.46 price. In comparison, this outpaces the gains recorded by the other top 5 assets: Bitcoin (+12%), Ethereum (+13%), BNB (+8%), and Solana (+11.67%).
$XRP is now holding up better than these tokens, recording lower losses in the past week. As a result, Santiment suggested in its latest commentary that $XRP’s price action has been on a “huge tear.”
What is Driving This $XRP Rebound?
The platform called attention to two factors contributing to the rebound: massive whale accumulation and a surge in unique addresses. According to Santiment, those who panic-sold their tokens during the drop should have watched out for a rise in bullish activity on the $XRP Ledger despite the downtrend.
Specifically, as the dip played out, whale accumulation picked up, with transactions worth $100,000 and above soaring to a 4-month peak of 1,389. Besides this, unique active addresses on the network rose to 78,727 within 8 hours, marking the highest reading since September 2025.
