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Wallets holding at least 10 million XRP now control a combined 46.87 billion XRP, or about 68.5% of total supply, marking the group’s highest share of supply since November 2022, according to Santiment.
A CoinNess analysis indicates those whales have continued to add to holdings while XRP has remained sluggish around $1.29. From a technical perspective, $1.30 is seen as a near-term pivot point, while a recovery to $1.50 could offer a stronger signal supporting a bullish reversal. Holding above $1.20 while whale wallet balances stay elevated is seen as a key gauge of whether accumulation remains intact.