Whales Load Up During the Dip Large $XRP holders have been quietly building their positions through months of market weakness. According to on-chain analytics firm Santiment, wallets holding
Large $XRP holders have been quietly building their positions through months of market weakness. According to on-chain analytics firm Santiment, wallets holding at least one million $XRP accumulated 1.53 billion tokens over the past six months, even as the token's price came under sustained pressure. Those same addresses now control 74.1% of XRP's entire circulating supply, a concentration that leaves relatively little of the token available for active trading.
The accumulation was notable for its timing. Large holders continued adding to positions as $XRP slid toward the low $1.00 range, a period when retail sentiment was near its weakest point of 2026. Rather than reducing exposure during the downturn, the millionaire-wallet cohort treated the weakness as a buying opportunity.
The buildup preceded a sharp price recovery. $XRP rallied approximately 9% over the past seven days, with a single-day surge of around 13% on June 15 pushing the token back above $1.28 for the first time in two weeks. The move coincided with a broader altcoin relief rally after reports emerged of a preliminary U.S.-Iran peace deal, which eased geopolitical pressure on risk assets globally.
Exchange flow data adds to the bullish picture. CryptoQuant analyst Amr Taha noted that XRP withdrawal transactions on Binance reached 53.2% on June 15, while deposits fell to around 46.7% over the same period. Fewer coins moving onto exchanges for sale can reduce near-term selling pressure and support price stability.
Whale accumulation alone does not guarantee continued upside. If large holders begin trimming into strength, the rally could face headwinds. Still, the sustained buying through a prolonged correction is widely read as a signal of longer-term conviction among $XRP's largest investors. Analysts will be watching whether the millionaire-wallet cohort continues adding or begins to distribute as prices recover.
Sources:crypto.news: XRP price eyes $1.30 as whale accumulation boosts reboundCoinDesk: XRP up 8% in first major breakout since June selloffCoinpedia: Why XRP Price is Rising Today
