Santiment data shows that addresses holding at least 1 million XRP collectively accumulated 1.53 billion XRP over the past six months. Foreign media report that these large holders have continued buying during market weakness and now control approximately 74.1% of the total XRP supply.
This development coincides with XRP’s recent short-term rebound. Between June 15 and 16, XRP’s price rose from $1.13 to $1.29. The article links this rally to tight circulating supply, suggesting that even modest new capital inflows could push prices higher amid limited additional selling pressure.
Large holders are increasing their positions while retail investors are reducing theirs.
The article states that since reaching a high of $3.65 in July 2025, XRP has experienced a sustained decline over the past year, accumulating a loss of nearly 67%. During this period, some retail investors reduced their positions due to macroeconomic uncertainty and geopolitical tensions, transferring their tokens to exchanges.
In contrast, large addresses did not sell in tandem; instead, they continued to accumulate positions. Foreign media interpret this behavior by whales as a bet on future price recovery, though such assessments still primarily rely on changes in holdings themselves.
Macroeconomic easing expectations are seen as a supporting factor.
The article also noted that if the situation between the U.S. and Iran eases, it could lead to a decline in oil prices and alleviate inflationary pressures. If inflation cools, market expectations for interest rate cuts may rise, potentially improving sentiment toward risk assets.
Under this narrative, XRP, like other highly volatile assets, could benefit from a more accommodative liquidity environment. However, this analysis is based on macroeconomic projections by foreign media and does not represent an established market outcome.
Concentrated positions can also amplify volatility.
The article also warns that concentration of supply in a few addresses poses a risk itself. The proportion of XRP controlled by large wallets has risen to 74.1%, making the circulating supply more vulnerable to the actions of a small number of accounts.
If these addresses continue to lock up or accumulate, supply constraints may persist; however, if large holders sell en masse, prices could quickly decline. For the market, whale accumulation signals a bullish sentiment, but it does not equate to a confirmed one-way upward trend.