 
 
According to Santiment, XRP’s biggest whales are consolidating control in a historic accumulation wave.
Wallets holding 10–100 million XRP now command 17.04% of the circulating supply, up sharply from 12.21% in October 2025, signaling aggressive positioning by top-tier investors that could significantly influence the token’s next move.
Data from Santiment shows that since October 2025, XRP whales have aggressively expanded their holdings, increasing from 7.89 billion to 11.06 billion tokens, a 3.17 billion XRP surge worth roughly $4.5 billion at current prices.
Crucially, this accumulation occurred amid heightened volatility, signaling a deliberate buy-the-dip strategy rather than impulsive speculation.
When large holders build positions during downturns, it typically reflects strong long-term conviction. By absorbing supply as retail sentiment weakens, these whales tighten exchange liquidity, a dynamic that can magnify upside momentum if demand rebounds.
 
Record Whale Accumulation Meets Historic Capitulation Signal
On the other hand, XRP has just recorded its largest surge in on-chain realized losses since 2022, a clear sign of capitulation.
Realized losses spike when investors sell below their purchase price, locking in losses. Such sharp increases typically signal panic-driven exits, where fear overwhelms conviction and traders rush to cut exposure.
Historically, extreme realized losses have often signaled major inflection points. The last time XRP posted a weekly realized loss of -$1.93 billion about 39 months ago, the altcoin rallied 114% over the next eight months. While history doesn’t always repeat, such capitulation events frequently mark the exhaustion of selling pressure.
What’s unfolding now appears to be a classic supply reset: weaker hands are exiting in fear, while whales accumulate at scale. If forced selling is largely complete, downward momentum could fade, laying the groundwork for a potential recovery phase.
Therefore, XRP stands at a pivotal crossroads, as record whale accumulation is rising even as realized losses peak. While sentiment remains shaky, this divergence hints at a quietly strengthening foundation beneath the volatility.
On the other hand, new research also points to a potential major catalyst tied to XRP and RLUSD, suggesting the next decisive move may be driven by deeper structural shifts rather than short-term price swings.