Ripple XRP Price: Goldman Sachs Becomes Largest Holder of Spot XRP ETFs as Price Holds Support

TLDR

• Goldman Sachs is the largest holder of spot XRP ETFs, with over $153 million in exposure — about 15% of all XRP ETF assets.
• XRP is trading around $1.38, stuck between support at $1.34 and resistance at $1.44.
• Daily transactions on the XRP Ledger hit 2.7 million, with $461 million in tokenized real-world assets on the network.
• XRP ETFs hold nearly $971 million in total assets, with 83 institutions holding exposure.
• A break above $1.44 could target $1.50, while a drop below $1.34 may push price toward $1.30–$1.32.

XRP is trading quietly around $1.38 as the market waits for its next move. The price has been rangebound for roughly a month, sitting between $1.34 and $1.44.

Despite the slow price action, two things stand out this week: rising on-chain activity and fresh data showing major Wall Street firms have taken large positions in spot XRP ETFs.

According to Bloomberg analyst James Seyffart, Goldman Sachs is the biggest institutional holder of spot XRP ETFs. The bank holds over $153 million in exposure, representing around 15% of the roughly $971 million held across all XRP ETF products.

Other major firms have also taken positions. Millennium Management, the hedge fund run by Izzy Englander, holds $25 million in XRP ETF exposure. Citadel, run by Ken Griffin, holds over $4.5 million. Firms like Jane Street Group, Jain Global, and Gallagher Capital Management are also listed as holders. In total, 83 institutions hold exposure to these products.

Institutional Demand Grows, But ETF Inflows Slow

XRP ETFs have lost over $22 million in assets so far this month. That marks the first month of net outflows since the funds launched. They added $58 million in February.

Goldman Sachs also holds $2.3 billion across Bitcoin, Ethereum, Solana, and XRP funds combined, according to earlier reports.

Ripple CEO Brad Garlinghouse has stated the company plans a strong year ahead, with a focus on artificial intelligence and payments.

XRP Ledger Activity Climbs

On-chain data shows daily transaction counts on the XRP Ledger have reached approximately 2.7 million. The value of tokenized real-world assets on the network has reached around $461 million.

Trading volume in the spot market has dropped below recent averages. XRP briefly touched $1.44 during one session before sellers pushed it back down, reinforcing that level as short-term resistance.

The $1.34–$1.35 zone remains the key support level to watch. A double-bottom pattern has formed on the daily chart at around $1.3363, which some analysts see as a potential bullish setup.

If price holds above $1.3363, the next key resistance is at $1.6703, the neckline of the double-bottom pattern. A break below $1.34 could open a move toward $1.30–$1.32 or the year-to-date low of $1.12.

As of March 11, XRP is trading at approximately $1.38 with 83 institutions holding exposure to spot XRP ETF products.

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