XRP surged 13% in the past session, hitting a two-week high. On-chain analytics firm Santiment attributed the rally to easing market fears, noting that previously subdued expectations created fertile ground for a sharp rebound. Accumulation by large wallets further underpinned the move.
Whale Wallets Now Hold 74.1% of Total XRP Supply
Santiment reports that addresses holding at least 1 million XRP now control 74.1% of the total circulating supply. Over the past six months, these whales added 1.53 billion XRP to their holdings. Analysts interpret the trend as a sign of sustained long-term confidence among major players, with little evidence of distribution.
Ripple Ecosystem: Cross-Border Payments and Tokenization Drive Interest
Beyond price action, fundamental developments in the Ripple ecosystem are drawing attention. Ripple continues to expand its institutional payment network, reinforcing XRP's cross-border utility. Meanwhile, tokenization initiatives on the XRP Ledger are gaining traction. Converting real-world assets into digital tokens on the blockchain could broaden the network's use cases and boost adoption over the longer term.
Institutional Strategy Validated; XRP ETF Outflows Buck Market Trend
Ripple's institutional approach is earning recognition from peers. Flare co-founder Hugo Philion remarked on a podcast that Ripple's enterprise payment infrastructure, once criticized by rivals, is now being prioritized by many competitors. Ripple CEO Brad Garlinghouse echoed that view.
Capital flows reinforce the narrative. According to U.Today, XRP ETFs have surpassed Bitcoin and Ethereum ETFs in net capital inflows for five consecutive weeks. Despite a sluggish broader market, XRP continues to attract fresh money. Santiment noted: "The surge in XRP appears to be gaining momentum as market anxiety fades, with accumulation by large wallets providing further support."