Santiment: Wallets holding at least 10 million XRP account for 68.5% of the supply, hitting a near 4-year high

BlockBeats news, October 27 - Santiment posted that wallets holding at least 10 million XRP currently hold approximately 46.87 billion XRP, accounting for about 68.5% of the XRP supply, the highest level since November 2022.

Santiment noted that despite XRP price facing pressure around $1.29, large holders continue to accumulate. If small traders continue selling while whales maintain their accumulation trend, it may indicate that market accumulation signals still exist. $1.30 is a key short-term level for XRP, while $1.50 is a more important confirmation level; if the price remains above $1.20 and whale holdings stay at high levels, the accumulation logic may still hold.

If XRP reclaims $1.50 while whale holdings continue to grow, it would further strengthen expectations of a rebound.