More XRP supplies are being cut off, as whales continue to accumulate the token, increasing their control over the cryptocurrency. According to new reports from on-chain analytics platform Santiment, whales currently hold over 450 billion coins, a record high from 8 years ago. with More tokens are swallowed By this group of investors, speculation is emerging about a new uptrend, which could push the price from its current downtrend to new highs.
XRP whales now control more than 68% of the token supply
On May 18, cryptocurrency analyst Zach Humphries said to publish On X that Big owners take control now This represents 68.5% of the total circulating supply of XRP. Santiment data also showed that the whales in question held wallets containing at least 10 million XRP.
Together, these whales hold approximately 45.83 billion tokens. Humphreys said that this large number matches levels that the market has not seen since May 2018, that is, about four months later. The altcoin hit an all-time high of $3.84.
Because of this level of focused control, Humphries stated that the sell side of XRP could become very weak if this accumulation trend continues at such a strong pace. The smart money is now using the current side consolidation, the analyst revealed Ingest supply directly from cryptocurrency exchanges.
To put this in perspective, the altcoin has been in a state A sharp downward trend for several monthsThe price is currently trading in the range of $1.3 to $1.4. The cryptocurrency has failed to recover despite recent events Positive developments surrounding Ripple. While prices remain below their 2025 highs, large investors appear to be taking advantage of market volatility and refusing to buy coins at cheap levels.
Against this backdrop, Humphreys suggested that a clean break above XRP’s current range could completely change its macro chart. He noted that this latest trend could be the final accumulation phase before A breach of the real price occurspotentially sending it to new highs. Meanwhile, Santiment said the recent accumulation could see the token move back towards $1.5.
Analysts expect the next big move above $1.8
In a recent price analysis, market expert Ali Martinez said: male XRP is preparing for a big price movement. The analyst said he was watching closely Narrower Bollinger Band pressure On the 3-day chart of XRP for over a year now. He noted that at that time, volatility was strongly compressed, indicating that a violent price rally may be imminent.
Martinez also described the altcoin’s current pressure zone as a “no trade zone,” suggesting that the market must move first before any trades are confirmed. With that in mind, the analyst said he will remain patient while watching for a clean 3-day candle close outside the $1.29 to $1.50 range. He noted that if such a close occurs, it may confirm the direction of the next major trend.
According to the analyst, a close above $1.50 could trigger a rally Big explosion in prices Above $1.8, which represents a rise of more than 30% from current levels. On the flip side, if XRP closes below $1.29, Martinez predicts this could be invalidated Bullish structure of cryptocurrency Launching a sharp correction again towards the psychological support level of $1.
Featured image from Adobe Stock, chart from Tradingview.com
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