Why is XRP price up today as whale holdings increase?

XRP price has risen around 2% to $1.31 on November 5 as a cryptocurrency market recovery coincided with growing whale holdings and fresh reports of changes in exchange supply. XRP price rose around 2% to $1.31 on November 5 as Bitcoin and other major cryptocurrencies recovered. Analyst Ali Martinez reported roughly 13.24 million XRP leaving exchanges and large holders adding 60 million XRP over the preceding week. Santiment reported that 2,147 wallets held at least 1 million XRP, the highest count recorded in 2026.