TL;DR:
- Wallets holding 1M to 100M XRP sold 1.18B tokens in four weeks since late November, cutting holdings from ~4.8B to ~3.62B by mid-December.
- XRP failed to hold above $2.10 to $2.20 and fell into the $1.88 to $1.90 area, with rebounds arriving faster but weaker.
- As whale balances drop at checkpoints from Nov. 24 to Dec. 15, the report says liquidity support is fading unless the cohort stabilizes or reaccumulates.
XRP’s on-chain whale cohort is shrinking fast in size, as large holders unload 1.18 billion tokens in four weeks and remove a key liquidity backstop. Data shared via Santiment and amplified by analyst Ali Martinez show wallets holding 1 million to 100 million XRP cutting their combined balance from nearly 4.8 billion to about 3.62 billion by mid-December. With price action stuck below $2, the immediate question for traders is straightforward: who absorbs the supply next?
https://twitter.com/alicharts/status/2000800304078463028
Holder exits map to four-week distribution
The supply curve shows a steady step-down, with balances falling at repeated checkpoints from Nov. 24 through Dec. 15. On Nov. 24 the group still sat near the top of its recent range; by Dec. 1 holdings had already dropped materially. Another leg lower appeared by Dec. 8, and the Dec. 15 snapshot confirmed a full four-week exit pattern from these wallets, signalling sustained distribution rather than one-off panic.
Price action tracked the same direction, as XRP failed to reclaim the $2.10 to $2.20 band and kept printing lower highs. Each rebound attempt arrived faster than the last, but by mid-December the report described selling pressure as intensifying. The latest downswing pulled XRP into the $1.88 to $1.90 region, where buyers slowed the decline without restoring the prior structure. For market participants, that mix of weaker rallies and heavy supply complicates near-term positioning for now.
Wallets holding 1 million to 100 million XRP often act as shock absorbers, serving as liquidity anchors when retail flow weakens during corrections. The report argues that their ongoing reduction is effectively eliminating that cushion, increasing the burden on other buyers to keep spreads tight and volatility contained. Until the data shows stabilization or reaccumulation from this cohort, XRP remains exposed to additional downside if demand does not expand fast enough to replace the missing capital.
For governance and trading desks, the key operational question is whether fresh demand can step in before the distribution overhang turns into a deeper drawdown. The on-chain picture highlights a sustained four-week exit from a major holder bracket, while spot performance shows repeated failures above $2.10 to $2.20 and a slide toward $1.88 to $1.90. If whales resume accumulation, the setup can stabilize; if not, the market may need a new buyer base to take inventory.
