Ripple whales control 68.5% of XRP supply, fueling speculation that a major price rally Credit: Hameem Sarwar
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Key Takeaways
XRP whales now hold 68.5% of the total supply, potentially setting the stage for a breakout.
On-chain data shows XRP trading above its $1.40 realized price, signaling a mid-stage recovery.
A breakout above the $1.60 resistance could push XRP toward $$2.37, while holding support.
May 2018 feels like a different era for XRP, because it was.
The market was different, the regulatory picture was unrecognizable, contrary to today’s CLARITY Act, and the price was somewhere most holders today would struggle to map accurately.
At the time of writing, XRP’s price is hovering around $1.50. This represents a 6.1% increase over the past seven days.
However, the altcoin appears poised for a notable breakout soon. Here is why.
XRP Whales Are in Control
Wallets holding at least 10 million XRP have quietly amassed 45.83 billion tokens.
As of this writing, the combined balance is $68.5 billion, representing 68.5% of the coin’s total supply.
When whales steadily accumulate and remove large quantities of coins from active circulation, the liquid exchange supply tightens significantly.
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Historically, falling wedges signal trend reversals, especially after extended downtrends.
Interestingly, momentum indicators are also improving. RSI has broken its downtrend and is curling upward from oversold territory, while the Awesome Oscillator shows weakening bearish momentum, with green histogram bars appearing.
This suggests that selling pressure is fading and that buyers are slowly regaining control.
The key level to watch now is the $1.57 resistance zone. A successful breakout above this area could open the path toward the 0.5 Fibonacci level near $1.97, followed by stronger resistance around $2.37.
On the downside, holding above the $1.08 support remains critical to maintaining the bullish recovery structure.
What Could Happen Next for XRP?
If XRP whales continue accumulating at the current pace and successfully reclaim the $1.60 resistance, it could experience a quick surge toward $2.
The combination of tightening liquid supply, rising whale concentration, and improving technical structure is beginning to create conditions that many traders view as structurally bullish.
While volatility remains elevated across the broader crypto market, XRP’s current on-chain setup suggests large holders may already be positioning for a significantly larger move ahead.
For now, the market’s attention remains fixed on whether Ripple bulls can finally knock down the critical $1.60 resistance.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
