XRP is pressing back toward the $1.50 area as the token’s largest wallets build their biggest combined position in nearly eight years.
Santiment said wallets holding at least 10 million XRP now control 45.83 billion tokens, worth about $68.5 billion at the price level tracked in its post. The analytics firm said that is the largest balance for this wallet tier since May 2018 and equals 68.5% of XRP’s supply under its tracked calculation.
XRP is teasing a $1.50 market value, and whale wallets are leading the charge,” Santiment wrote.
The firm added that the 10 million-plus XRP cohort has slowly expanded its holdings while price recovered from earlier weakness.
The signal gives XRP bulls a stronger accumulation argument, but it also raises concentration questions. Large-wallet growth can show conviction from long-term holders, custodians, exchanges, institutions, and wealthy investors. It can also increase market sensitivity if a small group of addresses controls a large share of liquidity.
Price Push Needs Volume Confirmation
XRP traded near $1.54 on CoinGecko, up about 7.9% over 24 hours, with a market cap near $95.1 billion and daily volume close to $3 billion. That places the token back near the breakout area traders have watched through several failed attempts.
The whale data arrives as XRP’s short-term chart becomes more constructive. A move through $1.50 strengthens the case for a retest of the $1.60 to $1.65 resistance band. A clean break above that zone would make $1.80 and then $2 more realistic targets, while another rejection would keep XRP trapped inside the same wider range.
Smaller large-holder cohorts have also been expanding, with XRP wallets holding 10,000 tokens hitting a record high as accumulation broadened beyond only the richest addresses. That gives the current move a stronger holder-growth backdrop than price action alone.
The weaker side of the setup is network activity. Earlier XRP market data showed new address growth falling sharply from its December peak, a reminder that whale accumulation and user activity do not always move together.
Whale Concentration Becomes The Main Market Signal
XRP’s whale concentration now gives traders a clear on-chain checkpoint. If large wallets keep adding while spot volume rises, the supply picture can support a stronger push through resistance. If price rises without broader participation, the same concentration can turn into distribution risk once liquidity improves.
The market is now focused on whether XRP can turn the $1.50 test into a higher-timeframe breakout. A daily close above $1.50 would keep the bullish setup alive, but $1.65 remains the level that would better confirm follow-through. If XRP loses the $1.45 area again, the latest whale accumulation signal would look more like balance-sheet positioning than an immediate price catalyst.
The next measurable test is simple: whale balances are at an eight-year high, but XRP still needs sustained volume, stronger network demand, and a clean break above resistance before the market treats the accumulation trend as a confirmed breakout.
