Santiment, a data-driven on-chain analytics platform, revealed that market veteran Ali Martinez highlighted a sustained upward trend in the price of a cryptocurrency due to accumulation in the market. Despite recent crypto market turbulence leading to a 16% drop in XRP since March 11, the cryptocurrency has seen a rejuvenating 80% surge.

XRP's resurgence, marked by an 80% rally amidst market volatility, capitalized on earlier market rallies this year, leading to significant price gains. Despite experiencing volatility, with prices ranging from $0.59 in January to the current high in November, XRP managed to rally from a low of $0.4853 to a peak, showcasing resilience amid market fluctuations.

During attempts to build peer-to-peer platforms, XRP's price correlated strongly but ultimately crashed alongside broader market turbulence, particularly affecting Bitcoin's price and the entire cryptocurrency market. However, XRP experienced a surge in demand as investors rushed to buy more during price dips, as evidenced by Santiment's data showing consistent accumulation by large investors holding between 1 million and 10 million XRP.

Whale accumulation fueled XRP's price pump, with wallet addresses purchasing 110 million XRP, amounting to $55 million, within the last 14 days. This surge led to an increase in the number of whale addresses holding significant amounts of XRP, reaching a total of 3, which collectively hold 6% of the total XRP in circulation.

Despite broader crypto downturns, sustained demand for XRP has defied market trends. The number of wallets holding between 10 million and 100 million XRP has continuously grown, indicating ongoing accumulation since January.

However, XRP has seen relatively flat trading activity in the last 24 hours, with the current price at $0.5068. Analysts predict a potential rise to $0.65 over the weekend, despite decreasing trading volumes and investors withdrawing tokens, potentially reducing selling pressure.

In contrast to XRP's performance, Bitcoin and the broader cryptocurrency industry have shown increased positions in the last 24 hours. Nonetheless, the overall market trend suggests decreasing capital exit pressure from the investment sector.