XRP surged past the $1.28 mark on Monday, delivering a 13% single‑day gain and recapturing a price range not seen in the prior two weeks.
On‑Chain Accumulation Tightens Supply
Santiment’s latest on‑chain analysis reveals that wallets holding at least one million XRP now control roughly 74.1% of the total token supply. Over the last six months, this group has added 1.53 billion XRP to their balances, absorbing a sizable portion of the floating supply even as sentiment hit its annual low.
The concentration of supply in these heavyweight wallets reshapes the market’s liquidity profile. Because large holders tend to move tokens gradually, even modest buying pressure can propel prices upward more quickly than many traders anticipate.
Market Reaction and Future Outlook
Broad‑based altcoin relief followed reports that the United States and Iran reached a diplomatic resolution, removing a geopolitical drag that had been weighing on risk assets. The de‑escalation headline unlocked a tighter supply environment, fueling a pronounced relief rally for XRP and other crypto assets.
Investors interpret the six‑month accumulation as a strategic buy‑in by deep‑pocketed participants, suggesting that the downturn served as a buying opportunity rather than an exit trigger. With supply constraints and renewed demand, analysts expect XRP’s upward momentum to persist, barring any unforeseen macro shocks.