TL;DR
- The number of wallets holding more than 100 million XRP has fallen more than 20% in eight weeks, while the remaining large holders now control a seven-year high of 48 billion XRP.
- On-chain data shows supply consolidation as major entities adjust positions after strong US spot ETF inflows.
- Despite short-term pressure, long-term accumulation among top-tier holders remains evident.
The XRP Ledger is experiencing a significant adjustment as high-value wallet counts decline while the remaining large holders accumulate at levels not seen since 2018. On-chain patterns indicate that whales are reshaping their exposure amid rising institutional participation and shifting supply dynamics.
XRP Ledger Whale Dynamics Shift
Santiment data shows that 100M+ XRP wallets dropped more than 20% over the past two months, marking one of the steepest contractions recorded for this tier. More than 560 wallets exited the bracket since late September, yet total holdings rose above 48 billion XRP, a level aligned with seven-year highs.
This movement reflects a redistribution phase where exiting large holders leave room for deeper concentration among long-term participants. When XRP traded near $2.85 three months ago, the number of wallets in this tier exceeded 2,000, although total holdings were slightly lower. During the mid-2025 peak, when XRP touched $3.65, holdings were dispersed and showed less consolidation than the current structure.
Institutional Demand And XRP Ledger Activity
Institutional exposure increased following the debut of spot XRP ETFs in the US, which attracted more than $756 million in net inflows across November. These allocations contributed to observable shifts in upper wallet tiers as large entities broadened their positions.
Network activity mirrored this trend. The XRP Ledger processed more than 40,000 configuration transactions in the final week of November, linked to custodial setups, multisignature updates, and AMM adjustments supporting new financial products.
Market Position And Price Outlook
XRP continues to face rejection near the $2.50 resistance zone and currently trades close to $2.00, down about 9% for the week. Resistance remains concentrated between 2.2752 and 2.5808, limiting short-term recoveries. Some analysts note a bullish pennant forming above the 50 EMA, which now acts as support after serving as resistance in previous cycles.
Overall, the combination of shrinking whale wallet counts and rising aggregate holdings indicates that influential holders remain active. As ETF products expand and infrastructure updates increase on the XRP Ledger, market participants continue monitoring how this consolidation could set the stage for XRPās next decisive move.
