Ripple’s XRP Retail Dump Deepens as Whales Increase Holdings
XRP remained largely range-bound on Thursday following a volatile week, as whales continued accumulating while retail investors reduced their holdings.Notably, over the past week, the cryptocurrency has gained nearly 3%, outperforming several major digital assets despite persistent market uncertainty.Meanwhile, data from blockchain analytics platform Santiment Intelligence shows that wallets holding between 100,000 and 100 million XRP increased their combined holdings by 2.8% over the past five weeks.At the same time, the smallest wallets containing less than 0.01 XRP reduced their balances by 5.2%, highlighting a widening gap between larger investors and retail participants.According to the firm, this trend has historically favored XRP’s long-term price outlook. Santiment noted that the asset has often moved in line with the behavior of major stakeholders rather than the smallest holders, suggesting the latest accumulation trend may provide support for further gains if demand remains steady.Additionally, Santiment pointed to several factors helping maintain investor interest in XRP, including expanding institutional access through XRP-focused exchange-traded fund products, the fading regulatory uncertainty following Ripple’s legal progress with the U.S. Securities and Exchange Commission, and growing utility across the XRP Ledger ecosystem.Developments surrounding cross-border payments, tokenization initiatives, and Ripple’s RLUSD stablecoin have also helped keep XRP among the most closely watched digital assets.Furthermore, XRP’s recent rebound has boosted bullish sentiment among technical analysts.Popular analyst Ali Martinez stated that XRP has confirmed a breakout above a key resistance level, arguing that the move opens the path toward a potential rally to around $1.30.Previously, the analyst had identified $1.13 as a critical resistance zone, noting that a decisive move above that level would strengthen the bullish technical structure and increase the probability of additional upside.Although XRP has yet to establish a sustained rally beyond recent highs, market participants are closely watching whether buyers can maintain momentum following the latest breakout signal.Recall earlier this week, analyst Celal Kucuker argued that XRP’s first significant all-time-high target sits above $6 from a technical perspective. He added that potential approval of the proposed CLARITY Act could significantly improve XRP’s outlook, particularly given Ripple’s strong ties to U.S. based financial infrastructure.The pundit suggested XRP could benefit from clearer digital asset regulations in much the same way as Ethereum, describing the token as one of the strongest institutional focused contenders if regulatory clarity continues to improve.At press time, XRP was trading at $1.13 reflecting a 0.49% drop over the past 24 hours.
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