On January 29, news reports indicate that although XRP's price has declined by approximately 4% this month and faces short-term pressure, on-chain data is signaling a very different story. According to statistics from Santiment, the number of "whale-level" wallets holding at least 1 million XRP has rebounded for the first time since September 2025, with a net increase of 42 this month, bringing the total to 2,016, ending a four-month downward trend. XRP is Ripple's core cryptocurrency used for cross-border payments, and this change is seen as a symbol of medium- to long-term confidence recovery.
Santiment on X pointed out that the return of large addresses usually indicates longer-term capital deployment rather than short-term speculation. Meanwhile, the US spot ETF linked to XRP has also shown clear signs of attracting capital. According to SoSoValue data, such products recorded a net inflow of approximately $91.72 million this month, and in November and December 2025, the related capital inflows reached $666 million and $499 million respectively.