XRP may be struggling to regain its bullish momentum on the charts, but something intriguing is unfolding beneath the surface.
According to latest on-chain data, XRP whales — wallets holding 1M to 10M+ XRP — now control 68.5% of the total supply. This is the highest accumulation level we have seen since December 2022, right before XRP's last major rally.
While retail traders are panic selling due to sideways price action, whales are quietly buying.
What Does This Mean?
1. Smart Money Accumulation: When whales increase holdings during consolidation, it often signals preparation for a long-term move. Last time this metric hit 68%, XRP surged over 80% in the following 3 months.
2. Supply Shock Incoming: With less XRP available on exchanges, any spike in demand could trigger a sharp supply shock.
3. Institutional Interest: Ripple's ongoing progress in cross-border payments and the legal clarity after the SEC case has brought institutions back.
On-chain metrics show exchange outflows are at a 6-month high, meaning whales are moving XRP to cold storage — they are not planning to sell anytime soon.
XRP is currently holding strong above the $0.60 support. If whale accumulation continues, a breakout towards $0.85 - $1.00 is not far.
Are whales preparing for something big that retail hasn't noticed yet?