Wallets holding at least 1 million XRP now control roughly 93% of the token’s total supply, according to market analyst Good Evening Crypto. The figure points to a highly concentrated ownership structure across whales, institutions, exchanges, early investors, and long-term holders within the XRP ecosystem.
That concentration stands out even more against XRP’s capped maximum supply of 100 billion tokens. In a market shaped by a limited supply ceiling, the actions of large holders can have an outsized effect on liquidity and sentiment. At the same time, the data also suggests that a sizeable core of major holders has kept positions in place over a long period. Smaller participants still have a place in the market: the same analyst said a wallet holding about 2,200 XRP is already in the top 10% by total holdings.
Supply concentration keeps whale activity in focus
With such a large share of supply clustered in a relatively small group of wallets, high-value transactions can carry more weight in the market. Large buy or sell orders may shape short-term perceptions of depth, liquidity, and price direction more quickly than in a more evenly distributed asset. The article does not break down the exact share held by each category of owner, but it does make one point clear: most XRP supply is concentrated in major wallets.
That helps explain why traders continue to monitor whale behavior closely. Concentration alone does not guarantee a move in either direction, yet it changes how market participants assess potential selling pressure and buying support.
Long accumulation phase draws attention on higher timeframes
Analyst Versan Aljarrah focused on XRP’s longer-term chart structure. He said the token’s multi-year accumulation phase may be setting the stage for a larger price move. XRP has spent an extended period trading within a broad range, with buyers gradually absorbing supply while price action remains compressed.
On the technical side, the article highlights higher lows on both weekly and monthly charts. That pattern is commonly read as a sign that buyers are stepping in at important levels and that underlying demand may be strengthening over time. No detailed indicator values were provided, but the chart structure itself was presented as a notable part of the current setup.
$1.21 stands out as the next major threshold
Analysts cited in the piece say the prolonged consolidation period is feeding speculation about a breakout. Past market behavior has shown that long accumulation phases can precede sharp moves once conditions shift. If XRP moves through key resistance zones with strong trading volume, momentum could build faster.
CoinCodex data showed XRP trading at $1.13 when the article was prepared. The market is now watching whether the asset can reclaim pivotal levels, with $1.21 identified as a decisive threshold for the next major trend. The report ties that level to a broader mix of whale accumulation, rebound signals on long-term charts, and renewed interest in the asset, while noting that the main test is still whether price can break above resistance and hold those gains.