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XRP Whales Now Control 68.5% of the Supply, the Most Since 2022. Could That Push XRP Back Above $2?

XRP Whales Now Control 68.5% of the Supply, the Most Since 2022. Could That Push XRP Back Above $2?

XRP whales are quietly hoarding coins at levels not seen since crypto’s darkest days in 2022, yet the price keeps sliding. Before you read that as a bullish signal, there is a catch that changes everything.

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The largest XRP holders (CRYPTO:XRP) continue to accumulate coins, yet the price has remained relatively stable. According to Santiment, an on-chain analytics firm, wallets holding 10 million XRP or more now control about 68.5% of the total supply—the highest percentage since November 2022.

XRP is trading at $1.32, down 13.8% for the month and 28.9% since the start of the year. To reach…

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