XRP Whales Increase Holdings While Retail Traders Reduce Exposure

Over the past five weeks, the payments‑focused cryptocurrency XRP has gained more than 8%, while a clear split has emerged between the buying behavior of large holders and that of smaller investors.

Santiment’s on‑chain data shows that addresses holding between 100,000 and 100 million XRP increased their balances by 2.8% over the same period. This uptick by whales and “sharks” aligns with XRP’s rebound from $1.00 to $1.16 at the end of June, indicating that larger participants are reinforcing the current price momentum.

Conversely, the smallest wallets reduced their XRP holdings by 5.2% over the five‑week span, highlighting a stark contrast to the accumulation seen among major stakeholders.

Santiment interprets this divergence as a bullish signal for XRP.

“Historically, XRP’s price moves more in line with major holders and opposite to the smallest retail wallets, so this split reinforces the bullish outlook for the recent rebound,” the firm said on X.

This trend coincides with several positive fundamentals for XRP, including growing institutional access via potential ETF products and the ongoing utility of the XRP Ledger for payments, tokenization, and the RLUSD stablecoin, the firm added.

Source link