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After a challenging period for XRP that saw its value tumble in mid-August, the cryptocurrency's price seems to be <a href="https://www.coingecko.com/en/coins/xrp" rel="noopener noreferrer nofollow">on the rebound</a>.&nbsp;
Recent Santiment <a href="https://twitter.com/santimentfeed/status/1719507902204194999" rel="noopener noreferrer nofollow">data</a> reveals a resurgence in its price, alongside an increase in whale activity and wallet holdings.&nbsp;
<h2 id="xrp-price-ascends-alongside-growing-whale-activity">XRP price ascends alongside growing whale activity&nbsp;</h2>
On Tuesday, the controversial cryptocurrency associated with blockchain company revisited the $0.60 price mark for the first time since its fall on Aug. 16, as per data analytics firm Santiment.&nbsp;
Accompanying this recovery is a surge in whale activity, with more prominent players entering the arena.&nbsp;
The data further indicates an all-time high of 277,620 wallets now holding at least 10,000 XRP, illustrating a potential vote of confidence or strategic positioning by investors.&nbsp;
According to data provided by CoinGecko, the XRP token is currently trading at $0.59 with a 24-hour range between $0.566778 and $0.611566. The current market capitalization of XRP stands robustly at approximately $31.6 billion.
<h2 id="diving-into-q3-price-performance">Diving into Q3 price performance</h2>
Q3 2023 was a particularly volatile period for XRP, according to a <a href="https://ripple.com/insights/q3-2023-xrp-markets-report/" rel="noopener noreferrer nofollow">newly released report</a>. A significant spike in the XRP price and realized volatility occurred around two notable events: the SEC decision on July 13 and a pronounced risk-off movement on Aug. 17.&nbsp;
By the end of Q3, XRP's volatility settled to historical 90-day lows, hovering around 40%. Moreover, after peaking at nearly $4B in traded volume on the day of the SEC's decision, daily trading volumes for <a href="https://u.today/xrp-and-ripple-cofounder-invests-500-million-in-nvidia-chips-for-ai-innovation" rel="noopener noreferrer nofollow">XRP</a> cooled off, averaging between $300 million to $400 million by quarter-end.&nbsp;
In terms of market dominance, Binance continued to play a significant role, handling about 60% of XRP's trade during Q3.&nbsp;
US-based exchanges account for almost 5% of global XRP volume by USD value after a recent relisting spree.

As XRP Price Recovers, Whale Activity and Wallet Holdings Surge

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