XRP Whale, Shark Holdings Rise 2.8% in Five Weeks, Backing Further Gains
Summary
- As XRP climbed back above $1.16, Santiment said continued accumulation by large holders is supporting the case for further gains.
- Wallets holding between 100,000 and 100 million XRP increased their holdings by 2.8% over the past five weeks, while ultra-small wallets reduced holdings by 5.2%, a divergence Santiment said supports the rebound.
- Santiment said spot exchange-traded funds (ETFs) for XRP, easing regulatory uncertainty surrounding Ripple and the SEC, and broader XRP Ledger (XRPL) use in payments, tokenization and Ripple USD (RLUSD) could support further gains.
Forecast Trend Report by Period
XRP has climbed back above $1.16, with continued accumulation by large holders supporting the case for further gains, on-chain analytics platform Santiment said.
Santiment said July 22 that wallets holding between 100,000 and 100 million XRP increased their holdings by 2.8% over the past five weeks.
By contrast, wallets holding less than 0.01 XRP reduced their balances by 5.2% during the same period. The shift suggests large investors added to their XRP positions even as smaller holders cut exposure.
Santiment said XRP has historically tended to move in step with major holders rather than ultra-small retail wallets. Against that backdrop, the recent divergence between whale and shark wallets and ultra-small wallets is a signal supporting XRP's rebound, it added.
Santiment also cited broader institutional access to XRP as a positive factor. It pointed to access through spot XRP exchange-traded funds, easing regulatory uncertainty surrounding Ripple and the U.S. Securities and Exchange Commission, and expanding use cases for the XRP Ledger centered on payments, tokenization and Ripple USD (RLUSD).
The current supply-demand structure, with large holders accumulating XRP as interest from ultra-small wallets fades, could support further upside, Santiment said.
