XRP Whales Accumulate Record Supply as Price Targets $1.50

Large-scale XRP holders have increased their combined balances to the highest level in nearly eight years, signaling a major wave of accumulation as the token tests critical resistance levels.

Whale Activity Hits Multi-Year Highs

According to recent data from on-chain analytics firm Santiment, wallets holding at least 10 million XRP now control a staggering 45.83 billion tokens. This collective hoard is valued at approximately $68.5 billion and represents 68.5% of the total XRP supply. This level of concentration among "whales" has not been witnessed since May 2018, suggesting that the market's largest players are positioning themselves for a significant move.

A Pivotal Technical Moment

The surge in whale accumulation coincides with XRP "teasing" the $1.50 market value. Analysts note that this price point is a crucial technical zone; market experts describe the current movement as a "bounce into range peak" on daily charts. While the asset has faced consolidation for months, a decisive breakout above $1.50 could fundamentally shift its near-term structure and end the long-standing sideways trend.

Conviction Amid Volatility

The growth in the XRP Ledger’s mid-to-large holder cohort—wallets with at least 10,000 XRP—has been on a consistent upward trajectory since June 2024. Despite a brief dip during a broader market liquidation in early February, these investors have more than rebuilt their positions. This trend is viewed by analysts as a long-term bullish signal, indicating that investors are looking past short-term price swings and showing high conviction in the asset's future value.