TLDR
XRP whales are adding large positions while XRP network wallet growth and activity spike, but price is still stuck in a consolidation range.
- On-chain data shows whales adding tens of millions of XRP and moving 9?figure transfers while their holdings sit near multi year highs.
- XRP wallets and network usage just saw some of their strongest daily spikes in months, suggesting growing participation rather than just a few big players.
- Price remains around 1.34 dollars and below 1.50 dollar resistance, so the key question is whether continued whale and ETF demand can outweigh profit taking and concentration risks.
Deep Dive
1. How Big The Whale Buying Is
Santiment data cited by Yahoo Finance reports that XRP whales accumulated more than 71 million XRP in the past week, ahead of a coming XRP Ledger upgrade, with options traders positioned for upside toward 1.40 dollars by month end.[^1]
A separate U.today report highlights a 73,179,900 XRP transfer (about 100 million dollars) between unknown wallets, noting that wallets holding at least 10 million XRP now control about 45.83 billion XRP, roughly 68 percent of supply, an 8 year high in concentration.[^2]
On the institutional side, spot XRP ETFs just recorded their strongest week since December, with about 60.50 million dollars in net inflows and nearly 95 million dollars in May, while cumulative ETF inflows hit 1.39 billion dollars, even as a large share of supply remains in whale hands.[^3]
Large holders and ETF buyers are absorbing significant supply, but ownership is heavily concentrated, which can amplify both rallies and sharp drawdowns when whales decide to de risk.
2. Wallet Surge And Network Growth
XRP Ledger network usage recently posted its biggest spike in two months, with 3,317 new wallets created in one day and 48,453 active addresses in 24 hours, while total activated accounts reached about 7.86 million.[^4]
A newer U.today analysis found another day with roughly 4,300 new XRP wallets, the fourth largest daily increase of 2026, and described this as a positive signal for spotting potential price reversals as adoption grows.[^5]
Broader metrics show XRPL daily transactions roughly doubling from 1.45 million in December 2025 to 2.7 million in May 2026, tying this on-chain growth to catalysts like the CLARITY Act progress and upcoming XRPL feature upgrades.[^6]
The wallet surge suggests expanding user and address participation, which is usually supportive for medium term value if activity persists beyond the current news and price excitement.
3. Price Context, Risks, And What To Watch
XRP currently trades around 1.34 dollars, down about 2.35 percent over 24 hours and 6.56 percent over seven days, with a market cap near 82.82 billion dollars and 24 hour volume about 1.89 billion dollars.
Technical and flow studies put XRP in a 1.30 to 1.50 dollar range, with repeated rejection near 1.50 dollars and strong support near 1.30 dollars, while top 100 wallets still control a large share of supply and have sold hundreds of millions of XRP over 30 days.[^7]
Exchange data shows whales dominating large withdrawals on Binance (over 50 percent of big outflows) while Coinbase flows skew more to mid sized holders, underlining that accumulation or distribution patterns can differ by venue.[^8]
Key things to watch are: a decisive break and close above 1.45 to 1.50 dollars with strong volume, whether new wallet and active address counts stay elevated, and whether ETF and whale inflows continue to outpace any profit taking.
Confidence: moderate, because multiple independent reports agree on whale accumulation and wallet growth, but the exact 96 million dollar figure is an approximate synthesis rather than a single explicit datapoint.
Conclusion
Whales and ETFs are clearly leaning into XRP, with large buys and rising concentration occurring alongside some of the strongest wallet and activity spikes the network has seen in months.
The open question is whether this demand can finally push price through the long standing 1.50 dollar ceiling, or whether concentrated ownership and prior whale selling keep XRP locked in its range until the next major regulatory or technical catalyst.
[^1]: XRP whale accumulation and upgrade context [^2]: 73 million XRP transfer and 68 percent supply concentration [^3]: XRP ETF inflows and whale supply share [^4]: XRP Ledger network usage spike and wallet growth [^5]: 4,300 new XRP wallets in a day [^6]: XRPL transaction growth and catalysts [^7]: Whale wallets, ETF rotation, and price range [^8]: Whale dominance on Binance vs Coinbase
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