Ripple Whales Hold 70% of XRP as Price Nears Breakout

TLDR

• Ripple whales now control 68.5% of XRP’s circulating supply, according to Santiment data.
• Wallets holding at least 10 million XRP control a combined 45.83 billion tokens worth about $68.5 billion.
• XRP rose above $1.50 after the US Senate Banking Committee advanced the CLARITY Act.
• The token gained more than 7% in one day before pulling back to around $1.46.
• XRP ETFs recorded $18.52 million in daily net inflows, led by Bitwise and Canary Capital products.
• Binance data showed the Estimated Leverage Ratio rising to 0.179, the highest level in two months.

XRP moved above $1.50 on Thursday as large holders expanded positions and lawmakers advanced the US CLARITY Act. Santiment data showed wallets holding at least 10 million XRP now control 45.83 billion tokens worth about $68.5 billion. Traders reacted quickly, and the token posted gains of over 7% before easing to $1.46.

Ripple Whales Increase Holdings as CLARITY Act Advances

Santiment reported that the largest XRP wallets hold 68.5% of the circulating supply. These wallets each contain at least 10 million XRP, and they now control 45.83 billion tokens. The firm said this marks the highest concentration level in eight years. As a result, market participants tracked whale accumulation closely. The buildup followed movement on the Digital Asset Market Clarity Act in Washington.

The US Senate Banking Committee passed the CLARITY Act on May 14 in a 15-9 vote. Lawmakers advanced the bill to the next stage after months of delays. Following the vote, XRP climbed from about $1.43 to $1.54 in one session. The price reached levels last seen in March before pulling back. At the time of writing, XRP traded near $1.46. The token remained over 5% higher for the week and over 7% higher for 30 days.

XRP Technical Levels and ETF Inflows Gain Focus

An analyst on X using the handle Moon God said XRP broke a descending pattern formed since February. He wrote that “$1.52 and $1.60 are the next levels to watch.” Another market commentator, EGRAG Crypto, set a higher threshold. He stated that “$1.80 needs to be reclaimed and held as macro support.” Traders referenced these levels as price fluctuated below recent highs.

On the ETF front, SoSoValue reported $18.52 million in net inflows for XRP funds in one day. That figure exceeded flows into Ethereum and Solana ETFs during the same period. The data showed improvement from $5.31 million on May 12 and zero inflows on May 13. Bitwise’s XRP fund drew $7 million, while Canary Capital’s XRPC added $4.87 million. Cumulative net inflows across XRP ETF products reached $1.37 billion.

Binance Leverage Climbs as Market Activity Intensifies

Data from Binance showed the Estimated Leverage Ratio rising to about 0.179. This marks the highest level recorded in two months on the exchange. Rising leverage reflects greater use of borrowed funds in XRP derivatives positions. Traders increased exposure as price volatility expanded.

At the same time, XRP traded about 5% below its recent high after the CLARITY vote. The market maintained upward momentum over the past week and month. However, price swings continued as traders adjusted positions. Binance leverage data remained elevated as of the latest update.

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