Large holders of XRP have increased their dominance over the cryptocurrency’s total supply to the highest level seen since 2022, according to recent data from on-chain analytics provider Santiment Intelligence. Wallets holding at least 10 million XRP now possess 68.5% of all circulating coins, reinforcing signals of continued accumulation by major investors.
XRP price ranges as whales accumulate
Despite recent price volatility, the most significant XRP wallets—often referred to as “whale” accounts—have steadily acquired more tokens even as XRP’s market value faced downward pressure. XRP has hovered within a tight price range between $1.28 and $1.32 over the past week. Some analysts point to $1.30 as a key pivot level, while noting that confirmation of a broader upward trend would likely come if the price holds above $1.50.
XRP’s accumulation trend has strengthened among wallets holding 10 million coins or more, stirring debate over whether this could translate into broader demand and a move higher for the longtime altcoin.
Current daily trading volumes for XRP in both spot and futures markets are about $3 billion, reflecting active interest despite the subdued price movement.
| Metric | Current Value | Previous High |
|---|---|---|
| Whale Supply Share | 68.5% | Highest since 2022 |
| Price Range (Past Week) | $1.28 – $1.32 | — |
| Spot & Futures Volume | $3 billion/day | — |
Mini dictionary: Santiment Intelligence, an on-chain crypto analytics firm providing data on wallet activity, trading, and sentiment across major cryptocurrencies.
Derivatives market data signals bullish sentiment shift
Speculative market activity has shown renewed optimism for XRP’s price. According to CoinGlass, the long versus short position ratio stands at 1.01, signaling a slight overall bullish tilt. In the past 24 hours, $1.32 million in liquidations occurred, with short positions facing $718,250 of that amount.
On Binance, one of the world’s largest crypto exchanges, users have placed three times as many long trades on XRP as short ones, suggesting heightened confidence in potential upward price movement.
High open interest on perpetual contracts and an increased options open interest—up 1,878.49%—have helped push cumulative XRP options volume higher by $77.56 million, indicating surging speculative activity in derivatives markets.
Open interest (OI) in derivatives has reached what analysts describe as “high-level green” territory, pointing to a scenario where traders holding short positions are paying funding fees to buyers. This dynamic often emerges when bullish sentiment prevails in perpetual futures markets.
Traders are now watching XRP’s ability to maintain a price above $1.30 on the daily chart. While whale accumulation provides a bullish backdrop, analysts caution that such supply concentration does not guarantee immediate price appreciation. The price zone between $1.28 and $1.32 has repeatedly been viewed as a liquidity pocket, attracting both buyers and sellers.
Franklin Templeton’s recent filing for two exchange-traded funds (ETFs) linked to stocks and Bitcoin also featured among the day’s notable industry developments, alongside Bitcoin’s movements below $80,000 as the Federal Reserve meets for key policy talks.
Major developments like these continue to shape the evolving landscape for leading digital assets, including XRP, as investors navigate an increasingly complex market environment.
