Although whales were extremely bullish, the XRP price hasn’t been moving much.
According to the on-chain The following are some of the most effective ways to increase your ROI:, wallets with at least 10 million XRP now collectively hold 45.8 billion tokens – Worth over $68.5 billion. Santiment claims that this is the highest amount of tokens this whale cohort had held since May 2018
This means that the 68.5% share of XRP in demand at press time, which represents the entire XRP market, is the highest ever recorded over the past 8 years.
The Spot XRP flows also coincide with the whales’ movements.
Demand from institutions for XRP is stagnant
U.S. Spot’s total assets XRP As of press time, the ETFs only amounted $1.25 billion. It was a small fraction of the total XRP assets (68B) owned by whales. The short-term movement in XRP prices and ETF flows have shown a high correlation.
In a certain way, whale accumulation could also be positively related to ETF flows.
The whales’ accumulation accelerated in 2025 and coincided with a strong inflow of ETFs. It was just after these products had debuted in November 2025, during the “crypto winter”.
The ETF market has stagnated since 2026.
On-chain whale demand has been at a flat level of 68% for the past couple months, reflecting the muted ETF in 2026.
The altcoins have become popular. struggled Since the beginning of Q2, it has been below $1.5. In the first half 2026, its range has been between $1.3 to $1.6. If retail does not jump in and ETFs demand is improved, the sideways trend may persist.
Only 2% chance for XRP to break out in a bullish trend
Options traders on Deribit only priced a 2% probability that XRP would clear $2 before the end of may. It also showed that the market was not expecting a bullish move despite record accumulation of whales.
This lukewarm forecast is due to summer’s typical lull.
The low interest is not limited to XRP. The altcoin market has stagnated or declined as BTC dominates investor interest.
Final summary
- XRP whales have accumulated a record 45.8B tokens, worth $68 billion – Marking the highest record since 2018.
- But weak ETF inflows, and subdued demand from retail could push the price up to $1.3-$1.6.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: ambcrypto.com
