- XRP whales now control their largest share of supply since 2018 as accumulation keeps increasing.
- Large XRP wallet growth signals rising long-term confidence despite ongoing market volatility.
- XRP approaches key resistance near $1.55 as whale accumulation strengthens market attention.
Large XRP holders increased their positions to the highest level since 2018 as the token traded near the top of its recent range around $1.50, according to on-chain analytics firm Santiment.
The firm said wallets holding at least 10 million XRP now control 45.83 billion tokens worth about $68.5 billion. That represents roughly 68.5% of XRP’s circulating supply, highlighting growing concentration among major investors.
Santiment said whale accumulation has steadily increased since 2023 before accelerating through late 2024 and early 2025. The firm posted on X, “XRP is teasing a $1.50 market value, and whale wallets are leading the charge.” However, XRP still trades at its earlier yearly highs despite continued accumulation from large holders.
Source: X
Whale Accumulation Continues Across XRP Ledger
Santiment’s wallet data showed earlier continued growth across the XRP Ledger. The firm said wallets holding at least 10,000 XRP reached a record 332,230 addresses on May 13. Santiment described the increase as part of a steady accumulation trend that continued despite market volatility and uncertainty.
The firm stated, “The continued rise in XRP Ledger wallets holding at least 10,000 XRP is an important long-term signal.” Analysts often view growth in mid-to-large wallets as a sign of stronger investor confidence. As a result, traders increasingly track XRP wallet activity alongside price movements to gauge broader market sentiment.
Source: X
Santiment also pointed to a sharp drop involving more than 4,500 large XRP wallets in February. The firm linked the decline to crypto-wide liquidations following the February 5 market crash. However, wallet growth later recovered and moved above previous levels as accumulation resumed.
XRP Tests Key Resistance Near $1.50
Crypto analyst Cheds Trading pointed to signs of recovery in XRP after months of selling pressure. He posted, “$XRP bounce into range peak on daily.” His chart showed XRP trading between support near $1.31 and resistance around $1.54 after falling below $1.30 earlier this year.
Source: X
XRP has also moved above its 50-day and 200-day moving averages, a signal traders often view as improving momentum. Trading activity increased as buyers pushed toward resistance near $1.55. However, the recovery is cautious rather than fully bullish. Failure to break above resistance could leave XRP trading inside its broader consolidation range.
Related: XRP Price Prediction: XRP Finally Breaks $1.50 On Senate Vote Then Pulls Back To 100 EMA
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