XRP Whales Hold 68.5% of Supply as Accumulation Continues
XRP whales now hold 46.87 billion tokens, or 68.5% of the supply—their largest share since November 2022—while XRP trades near $1.30. The continued accumulation may signal confidence among large holders, although a stronger recovery could depend on XRP holding above $1.20 and clearing $1.30, with $1.50 seen as a stronger bullish confirmation.
XRP exchange outflows reached about 5.3 billion tokens over 30 days, below the 6 billion recorded in October. Binance led the outflows, followed by OKX and Bybit. Tokens moving off exchanges may reduce immediately available selling supply, but the data does not confirm how holders will use those tokens. A three-day TD Sequential buy signal also appeared; three comparable signals previously preceded rebounds of 31%, 24% and 18%.
The picture is mixed: US spot XRP funds began the week with $3.61 million in outflows. Meanwhile, Evernorth Holdings plans to raise up to $80.7 million through an equity facility and use some proceeds to buy XRP. It already holds around 473 million XRP. Ripple is also expanding its corporate treasury platform, including a 24/7 returns feature for eligible assets such as RLUSD.
Bullish
The overall signal is cautiously bullish for XRP. Whales holding 68.5% of supply, substantial exchange outflows and Evernorth’s stated plan to buy more XRP all suggest accumulation and potentially less XRP readily available for sale. The TD Sequential buy signal adds a short-term technical positive, especially given the rebounds that followed similar signals in the past. These indicators could support buying interest if XRP holds above $1.20 and breaks through the $1.30 resistance area.
However, the evidence does not guarantee a rally. XRP remains near $1.30, and the article identifies $1.50 as a stronger confirmation level. Spot XRP funds’ $3.61 million opening-week outflow is a counter-signal, while exchange outflows may reflect transfers to private wallets or other platforms rather than permanent reductions in selling pressure. Similar whale accumulation and exchange withdrawal episodes have often encouraged bullish sentiment, but price confirmation and sustained demand have been necessary for durable advances. In the short term, traders may watch support near $1.20, resistance at $1.30 and $1.50, fund flows and follow-through in whale holdings. Longer term, continued accumulation and corporate treasury demand could strengthen the outlook, but volatility and reversals remain possible if key levels fail.