XRP Whales Accumulate 2.8% More Tokens as Small Holders Capitulate

July 23, 2026 · Markets · CryptoRefuge Team

XRP whales have accumulated 2.8% more tokens over the past five weeks, while small holders have shed 5.2% of their holdings, sending the price back above $1.16. The divergence in accumulation trends between XRP whales and small holders is a bullish sign for the token's price, according to on-chain data provider Santiment.

"Historically, XRP price has tended to move more with key stakeholders and against the smallest retail wallets, so this split supports the bullish case behind the bounce." — Santiment

Live market snapshot (at publish): XRP $1.14 (-0.6% 24h)

Wallets holding between 100,000 and 100,000,000 XRP have increased their holdings by 2.8% over the past five weeks, while small holders have capitulated, shedding 5.2% of their holdings. This trend has sent the XRP price back above $1.16, representing an 8% increase. The accumulation of XRP tokens by whales has been a key factor in the token's price movement.

Rising oil prices and interest rates could impact the XRP price, but the accumulation of XRP tokens by whales and the capitulation of small holders suggest the token's price may be poised for further gains.

$1.16 XRP price as of July 23 2.8% increase in XRP holdings by whales over five weeks 5.2% decrease in XRP holdings by small holders over five weeks 8% increase in XRP price over the past week

The XRP market has fluctuated between $1.00 and $1.20 in recent weeks, but the current trend suggests the price may be poised for further gains.

Analysis: If the current accumulation trend by XRP whales continues, the token's price may be poised for further gains. A break above $1.20 would signal a bullish trend, while a drop below $1.00 would indicate a bearish trend. The next key level to watch is $1.20, which could signal a further bullish trend if broken.