Ripple Whales Control Nearly 70% of Supply as XRP Eyes Major Breakout

TL;DR

XRP has surpassed $1.50 as large holders increase their positions, controlling nearly 70% of the supply. The surge follows developments around the US CLARITY Act, which may influence market sentiment.

Key points

XRP price climbed past $1.50
Large holders control 68.5% of XRP supply
Whales hold 45.83 billion XRP worth $68.5 billion
The US CLARITY Act influences market sentiment
Bipartisan support for the Digital Asset Market Clarity Act

Mentioned in this story

US Senate Banking Committee

Digital Asset Market Clarity Act

XRP climbed past $1.50 on Thursday as large holders added to their positions and traders reacted to fresh movement around the US CLARITY Act.

According to data shared by Santiment, the asset’s largest holders are sitting on more of the token than they have in eight years, with wallets holding at least 10 million XRP now controlling a combined 45.83 billion tokens, worth roughly $68.5 billion.

The Numbers Behind the Move

Santiment’s data shows that those whales collectively account for 68.5% of XRP’s circulating supply. That is not a minor data point, since a handful of large holders controlling such a large portion of any asset means their conviction often matters more than retail flow, and right now they appear to be betting on something specific.

That something could most likely be the Digital Asset Market Clarity Act, which was passed on May 14 by the US Senate Banking Committee 15-9 in a bipartisan vote. This cleared it for the next stage in Congress after months of delays.

The market response was immediate, with XRP posting gains of more than 7% on the day, going from around $1.43 to $1.54, a level it last hit in March. One analyst on X, writing under the handle Moon God, argued the move had broken a descending technical pattern that had been forming since February and called $1.52 and $1.60 as the next levels to watch.

Meanwhile, permabull EGRAG Crypto pointed to $1.80 as a more meaningful target, adding that XRP needs to reclaim and hold that level as macro support to confirm structural strength.

On the ETF side, the picture was also moving, with data from SoSoValue showing XRP ETFs pulling in $18.52 million in net inflows for the day, outpacing Ethereum and Solana ETFs, and improving significantly on the $5.31 million from May 12 and the zero showing on May 13.

Bitwise’s XRP product alone accounted for $7 million, while Canary Capital’s XRPC fund added $4.87 million. Cumulative net inflows across all XRP ETF products have now reached $1.37 billion.