A well-known XRP community figure believes ultra-rich investors are betting on an XRP price appreciation, citing a concentration of large holdings.
The latest commentary comes amid XRP’s current range-bound phase, which has seen the crypto asset fail to decisively break above $2.2 in weeks. Amid the bearish performance, some expect XRP to break out soon, and the analyst behind the “All Things XRP” account believes even the ultra-rich investors are anticipating this breakout.
Only 25 Wallets Hold 20.3B XRP
He presented this idea in a recent disclosure on X, calling attention to what he regards as a vote of confidence from these rich investors. According to “All Things XRP,” only 25 wallets hold a whopping 20.3 billion XRP tokens. Notably, this represents about 35% of the circulating supply of 58 billion reported by CoinMarketCap.
The analyst suggested that most of these wallets are not Ripple escrow accounts. Particularly, data from XRPL explorer XRPScan confirms that of the top 20 XRP wallets with the highest balances, only eight hold Ripple’s XRP escrow tokens.
Meanwhile, of the remaining 12 wallets, two belong to Ripple, with a cumulative spendable balance of 2.525 billion XRP tokens. The remaining 10 wallets belong to exchanges and trading platforms. Notably, these platforms, such as Binance, Upbit, Uphold, and Bithumb, hold tokens for their customers.
While such a large concentration of holdings might trigger centralization concerns, the analyst behind “All Things XRP” suggests it also points to confidence among ultra-rich investors, who have continued to augment their XRP balances in anticipation of the next price surge.
According to him, these large balances on centralized exchanges like Binance and Uphold represent holdings by wealthy clients. In addition, the analyst’s suggestion that these billionaires are betting on XRP appears to be backed up by an accumulation trend surrounding these high-net-worth addresses.
Whales Accumulating More XRP Tokens
For context, wallets holding at least 20 million XRP tokens currently worth over $42 million have increased their cumulative balance since late April. As of April 28, The Crypto Basic found that these addresses held 36.859 billion XRP. However, currently, their holdings have increased to 37.131 XRP, indicating that they have amassed 272 million XRP over the past week.
Moreover, within a larger time frame, market analyst Ali Martinez confirmed that whales holding between 10 million and 100 million tokens have procured about 900 million XRP worth over $1.89 billion in the past month.
Whales bought around 900 million $XRP over the past month! pic.twitter.com/k3UyFMkJLq
— Ali (@ali_charts) May 2, 2025
The analyst behind “All Things XRP” suggests this is a testament to their confidence in XRP. According to him, while these whales have been silent, they let their wallets do the talking. At press time, XRP currently changes hands around the $2.1 mark. It remains to be seen if the asset can engineer the sort of uptrend these whales are banking on.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
