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$XRP has dropped nearly 40% since the start of 2026, falling roughly 70% below its all-time high of $3.65. Bitcoin fell below $60,000 for the first time since October 2024. Spot Bitcoin ETFs recorded $4.4 billion in outflows across 13 consecutive days.
Middle East tensions, persistent inflation concerns, and Goldman Sachs abandoning its 2026 rate cut forecast combined to create a sustained risk-off environment across all asset classes.
The number of wallets holding 10,000 or more $XRP has hit an all-time high of 332,230, growing consistently since June 2024 and continuing through the entire drawdown. The millionaire tier, wallets holding over one million $XRP, added 42 new addresses since January and accumulated 1.2 billion tokens in the first quarter alone, the heaviest quarterly accumulation since 2023.
Mega whale wallets holding 10 million or more $XRP now control approximately 45.83 billion tokens, representing 68.5% of circulating supply and the highest whale concentration since May 2018.
Additionally 91.4% of recent exchange outflows are coming from large holders moving coins into private custody, and over 25 million $XRP was pulled off exchanges the moment price touched $19.
In December 2025 the OCC granted Ripple conditional approval for a national trust bank charter, with the final rule activating permissible activities taking effect on April 1, 2026. Ripple is also pursuing a Federal Reserve master account, a process currently paused until end of 2026.
$RLUSD has grown to approximately $1.7 billion in market cap, ranking as the eighth largest stablecoin globally and live across more than 40 networks. On June 3 Mastercard added $RLUSD to its 24/7 on-chain settlement network alongside USDC and PYUSD.
The SEC case against Ripple concluded in August 2025 with a joint dismissal of appeals, confirming $XRP is not a secu
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