- XRP whale wallets now control 68.5% of the token’s total supply
- Santiment data shows the highest whale holdings since May 2018
- Regulatory progress around the CLARITY Act is boosting XRP sentiment
XRP is drawing renewed market attention after whale wallets reached their highest holdings level since 2018. According to data shared by Santiment, wallets holding at least 10 million XRP now control 45.83 billion tokens, representing 68.5% of the circulating supply. The accumulation trend comes as XRP price briefly climbed above $1.54 before pulling back near $1.48, marking one of its strongest rallies in recent weeks.
XRP Whale Wallets Reach Highest Levels Since 2018
Santiment data shows large XRP holders steadily increasing their positions during recent market volatility. Wallets with at least 10 million XRP expanded holdings from roughly 38 billion coins in 2021 to 45.83 billion today. The percentage of total supply controlled by these whales also climbed from around 60% to 68.5%.
The trend suggests strong conviction among major investors despite XRP remaining below previous cycle highs. Analysts noted that whales continued buying during the sharp correction earlier this year, when XRP dropped near $1.10. Accumulation also accelerated during the recovery phase, indicating that large holders expect additional upside.
The latest XRP breakout above $1.54 reflected improving short-term momentum. Although the price later retreated slightly, traders continue watching the $1.50 zone closely as a key psychological level.
XRP Regulatory Progress Boosts Market Confidence
Another major catalyst for XRP is the recent progress of the CLARITY Act through the U.S. Senate Banking Committee. The bill now advances further into the federal legislative process and could eventually provide clearer crypto regulations.
Market participants believe regulatory clarity remains one of the most important factors for XRP adoption. A finalized framework could reduce concerns surrounding the asset’s classification status and strengthen institutional confidence.
The legislation still faces several procedural steps before becoming law. The Senate must approve the final version, and both legislative chambers would need to reconcile any differences before presidential approval.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
