Analysis: XRP Whale Holdings Reach 68.5% of Supply, Highest Since November 2022

Concentration among large XRP holders has risen to its highest level in nearly four years, fueling interest in the token’s potential for a price rebound.

According to on-chain analytics firm Santiment on October 26, whale wallets holding at least 10 million XRP owned a combined 46.87 billion tokens. That accounts for about 68.5% of XRP’s total supply, the highest share since November 2022.

Santiment highlighted that large investors have continued to increase their holdings even as XRP showed weakness around $1.29. In other words, whales are still accumulating despite the price decline.

The firm said that if accumulation by large holders expands while selling by smaller investors continues, conditions could become more favorable for a future price recovery. Still, it said an increase in whale holdings does not automatically translate into an immediate rally.

In the short term, $1.30 is the key level to watch. Santiment identified that range as the threshold likely to determine XRP’s near-term direction, while pointing to $1.50 as the level that would signal a clearer uptrend.

On the downside, support at $1.20 remains important. If XRP holds that level and whale holdings stay elevated, the rebound scenario tied to large-investor accumulation remains valid, according to Santiment.

Santiment added that the chances of a medium- to long-term price recovery could improve further if XRP reclaims $1.50 while whale holdings continue to increase.