XRP Whales Hold 68.5% as Exchange Inflows Rise
XRP whales now control 68.5% of the token’s supply, the highest share since November 2022, according to Santiment. The concentration comes as the number of wallets holding 10 million to 100 million XRP fell from 351 to 339. The data does not establish whether holders sold, split balances or moved into a larger wallet tier.
About 47 million XRP, worth roughly $61 million, flowed onto exchanges. XRP was trading near $1.29, with $1.26 identified as a key support level. A break below it could put $1.11 in focus, around 14% below the reported price.
The combination of high whale concentration and rising exchange balances may increase concern about potential selling pressure, although on-chain data alone does not confirm that tokens will be sold. Traders are watching the $1.26 support and changes in the largest wallet tiers for signals on near-term XRP market direction.
Bearish
The near-term implications lean bearish, but the data is not conclusive. Approximately 47 million XRP reportedly moved to exchanges, which can increase immediately available supply and may signal that some holders are preparing to sell. XRP is also trading close to the reported $1.26 support; a break could prompt stop-loss orders and momentum-driven selling, with $1.11 identified as the next level to watch.
The 68.5% whale concentration is a mixed signal rather than a direct sell indicator. Large holders may be accumulating or consolidating balances, and the fall in wallets holding 10 million to 100 million XRP does not prove those investors sold. Similar periods of elevated concentration, including November 2022, occurred amid uncertain market conditions, but concentration alone does not determine price direction.
In the short term, traders may respond to exchange flows and whether XRP holds $1.26. Continued inflows alongside a support break could heighten volatility and downside risk; a rebound and declining exchange balances could weaken the bearish case. Longer term, concentration may keep concerns about ownership distribution and liquidity in focus. Changes in the 100 million-to-1 billion and 1 billion-plus wallet tiers, together with broader market conditions, will help clarify whether large holders are accumulating or distributing XRP.