Large cryptocurrency wallets holding at least 10 million XRP have expanded their balances to 46.87 billion tokens, representing 68.5% of the circulating supply—the highest level recorded since November 2022. According to market intelligence platform Santiment, this heavy accumulation continues even as the token struggles to break past $1.3, indicating strong long-term conviction among major holders while retail traders exit.
Key Takeaways
- Whale Concentration: Wallets with at least 10 million XRP now command 68.5% of the total supply (46.87 billion XRP).
- Exchange Outflows: Over 5.3 billion XRP moved off exchanges in 30 days, led by Binance (2.206 billion) and OKX (501.51 million).
- Corporate Buying: Nasdaq-listed Evernorth Holdings (XRPN) plans to raise up to $80.7 million via Cantor Fitzgerald to add to its 473 million XRP treasury.
- Technical Signals: The TD Sequential indicator printed a buy signal on the three-day chart after past signals sparked rallies up to 31%.
Exchange Outflows and Technical Buy Signals
Over the past 30 days, approximately 5.3 billion XRP moved out of centralized exchanges, coming under the 6 billion XRP outflow record set in October. Binance saw the largest reduction at 2.206 billion XRP, followed by OKX with 501.51 million XRP, Bybit with 479.94 million XRP, Upbit with 392.90 million XRP, and Bitget at 243.39 million XRP. Outflows dipped in early August before rising significantly later in the month and through September and October, pointing to tokens shifting to private storage.
Technically, the TD Sequential indicator issued a buy signal on XRP's three-day price chart. The previous three buy signals produced price bounces of 31%, 24%, and 18%. Crucial technical thresholds include holding above support at $1.2, breaking resistance at $1.3, and aiming for $1.5 for broader momentum confirmation. However, institutional demand saw a temporary pause as US-listed spot XRP ETFs logged $3.61 million in weekly outflows, interrupting the prior week's inflows as broader altcoin trading volume cools.
Corporate Treasury Moves and Ripple Product Expansion
On the corporate front, Evernorth Holdings is launching an equity facility with Cantor Fitzgerald to raise up to $80.7 million. Listed under ticker XRPN, the company plans to use a portion of the capital to accumulate more XRP, adding to its treasury of 473 million XRP. Evernorth is partnering with Ripple, Kraken, Coinbase, and BitGo to build institutional yield models around the asset.
Concurrently, Ripple is scaling its corporate treasury platform with AI automation and continuous settlement services. Its new 24/7 Returns capability allows institutional clients to yield returns on digital assets like RLUSD outside conventional banking hours. This follows recent initiatives such as Ripple partnering with C2FO to expand XRPL and RLUSD into corporate supply-chain workflows.
Why It Matters
The record accumulation by XRP whales alongside sustained exchange outflows points to tightening liquid supply on trading venues. If buying interest accelerates, reduced exchange reserves can create upward price pressure above $1.3. Institutional support from corporate treasuries like Evernorth offers a structural floor, though short-term spot ETF outflows highlight ongoing macro caution.
