XRP whales push holdings to record 74%

TLDR

Large XRP (XRP) holders now control roughly three quarters of the tokens supply after months of steady whale accumulation.

1. On-chain data shows wallets with at least 1 million XRP now hold about 74.1% of supply, adding roughly 1.53 billion XRP over six months.
2. This concentration can support sharp rallies by tightening liquid supply but also increases downside risk if these whales rotate out during stress.
3. Key signals are whether whale buying continues, if XRP can clear the 1.30 USD zone, and whether XRP Ledger activity and institutional adoption actually recover.

Deep Dive

1. Scale Of Whale Accumulation

On-chain analytics from Santiment show that wallets holding at least 1 million XRP now control around 74.1% of the total supply, up from roughly 73.7% six months ago, after accumulating about 1.53 billion XRP during that period. Multiple outlets report this same data, highlighting how whale accumulation over 1.5 billion XRP continued even through price weakness.

One summary notes that millionaire wallets now control 74.1% of supply and ties this to a recent move where XRP jumped about 13% to reclaim the 1.28 USD area as macro conditions improved and risk appetite returned, with millionaire wallets now control 74.1% of XRP according to Santiment.

With a market cap around 75.01 B USD and 24h volume near 2.68 B USD, this level of ownership concentration is material for liquidity and price behavior.

2. Why Concentration Cuts Both Ways

When a small set of very large holders owns roughly three quarters of supply, two things happen: liquid float available to trade shrinks, and those whales gain more influence over price direction.

On the bullish side, analysts note that whales added 1.53 billion XRP while sentiment was very weak, and that this steady accumulation helped fuel a recent rebound where XRP surged over 13% in 24 hours to around 1.28 USD with key resistance near 1.30. Reduced exchange supply and net withdrawals can make upside moves faster once demand returns.

On the risk side, Glassnode data show that about 41.5% of circulating XRP, roughly 26.5 billion coins, is currently held at a loss and that network activity and fees on XRP Ledger have fallen sharply, signaling weak organic demand and leaving price recovery vulnerable if large holders decide to sell into strength, as about 41.5% of supply sits at a loss and network activity has slumped.

3. What To Watch Next

Price-wise, several analyses highlight the 1.30 USD region as an important resistance level; a convincing break and hold above that zone would strengthen the case that recent whale accumulation is backing a more durable trend, while repeated failures could lead back toward lower supports mentioned around 0.90 USD.

Beyond price, the important confirmation signals are whether whale holdings continue rising or flatten out, whether exchange flows show net withdrawals rather than deposits, and whether XRP Ledger usage (transactions, fees, tokenization activity) starts to recover from its slump.

Institutional flows into XRP-linked products, plus developments in Ripples payment corridors and tokenization initiatives, are also key: if adoption and on-chain activity stay weak while whales already own 74% of supply, the setup leans more fragile than it looks from holdings alone.

Confidence: high because multiple independent reports quote the same Santiment on-chain data and broadly agree on the scale and timing of the accumulation.

Conclusion

XRPs largest holders have quietly pushed their share of supply to a record level, which has helped power a sharp rebound but also concentrates risk in fewer hands. Whether this becomes a sustainable uptrend depends less on whales continuing to buy and more on XRP Ledger usage, institutional flows, and the tokens ability to clear and hold above key resistance levels like 1.30 USD.