XRP Whales Accumulate 68.5% of Supply as Price Weakens
XRP trades near $1.29–$1.30 after falling 14.74% over the past month, even as large holders continue to accumulate. Santiment says wallets holding at least 10 million XRP now control 46.87 billion tokens, about 68.5% of the tracked supply—the highest share since November 2022. The latest analysis identifies $1.30 as a near-term pivot and $1.50 as a stronger recovery confirmation level; holding above $1.20 would help preserve the accumulation thesis.
The signals remain mixed. Wallets holding 10 million to 100 million XRP reportedly declined from 351 to 339, while exchange-associated balances and whale transfers to Binance have risen. Those flows may indicate potential selling, but do not prove that tokens were sold. Chaikin Money Flow is positive at 0.06, while Bull Bear Power remains negative at −0.0368.
Traders are watching support at $1.28–$1.30, followed by $1.20 and $1.10. A daily close below $1.28 could expose lower support; reclaiming $1.35 may put $1.40 and $1.50 in view. Other analysts identify $1.65–$1.70 as resistance, with a confirmed breakout potentially opening a path toward $2.50. Ripple’s U.S. trust bank approval and Aviva Investors’ tokenized fund launch on the XRP Ledger have yet to trigger a sustained rally. Whale accumulation supports the longer-term case, but weak price action and possible exchange selling leave XRP’s near-term outlook uncertain.
Neutral
For XRP, the high share of supply held by large wallets and continued accumulation may support confidence in the longer-term outlook. Historically, concentrated buying can help limit available supply and provide support if demand improves. However, whale concentration alone does not guarantee price gains, and the reported decline in mid-sized whale wallets alongside rising exchange-related balances and transfers to Binance raises the possibility of selling pressure.
In the short term, XRP’s 14.74% monthly decline and negative Bull Bear Power point to ongoing weakness, while positive Chaikin Money Flow offers a counter-signal. Traders are likely to watch $1.28–$1.30 as immediate support, with $1.20 and $1.10 below. A close below $1.28 could increase downside risk; holding above $1.20 and reclaiming $1.35–$1.50 would improve the recovery case. Because the accumulation data is supportive but price and flow signals remain mixed—and previous Ripple-related developments have not produced a sustained rally—the overall price impact is best assessed as neutral.