XRP News Today: Affluent Investors Accumulate 37.131 Billion XRP Tokens Amid Bullish Sentiment

A prominent voice in the XRP community has highlighted a growing interest in XRP among affluent investors. This observation is based on blockchain data that shows a significant concentration of XRP tokens in a small number of large wallets. According to a post shared by the “All Things XRP” account, 25 wallets currently hold approximately 20.3 billion XRP tokens, which accounts for roughly 35% of the circulating supply of 58 billion. The analyst suggests that this level of accumulation indicates growing confidence among high-net-worth individuals or institutional players in XRP’s long-term outlook.

Blockchain data provided by XRPScan indicates that out of the top 20 XRP wallets with the highest balances, only eight are Ripple-controlled escrow wallets. Among the remaining 12 wallets, two are held directly by Ripple and together hold 2.525 billion spendable XRP tokens. The other ten wallets are affiliated with exchanges and trading platforms, where tokens are likely held on behalf of individual and institutional customers. While such high concentrations often raise concerns about centralization within a network, the “All Things XRP” analyst interprets the holdings as a signal that wealthy stakeholders are increasing their exposure in anticipation of potential future gains.

The analyst also emphasized that several of the largest XRP wallets are managed by centralized exchanges, but believes the size of these balances suggests they belong to affluent clients. He argues that ongoing accumulation patterns in these accounts are consistent with investment strategies employed by sophisticated investors who are positioning themselves ahead of a potential market shift. Data from recent weeks supports this theory. As of April 28, wallets holding 20 million XRP or more had a cumulative balance of 36.859 billion tokens. That figure has since increased to 37.131 billion, indicating that these wallets acquired an additional 272 million XRP over a short time. At current market prices, each of these wallets holds more than $42 million in XRP.

On a broader scale, analyst Ali Martinez has confirmed that addresses holding between 10 million and 100 million XRP have collectively acquired approximately 900 million tokens, worth an estimated $1.89 billion, over the past month. This suggests continued interest from larger players, even as XRP’s price remains relatively stable. Despite repeated attempts, XRP has struggled to maintain a position above the $2.20 level in recent weeks. At the time of writing, the token is trading around $2.12. However, the ongoing accumulation among large holders appears to reflect optimism about future price movement. While it remains uncertain whether XRP can break through key resistance levels in the near term, investor behavior suggests confidence in the asset’s medium-term to long-term potential.

The accumulation trend across major wallets, combined with the large-scale holdings in centralized platforms, supports the view that a segment of the market, particularly the wealthier participants, is betting on an eventual upward breakout. This trend indicates that affluent investors are increasingly bullish on XRP, potentially driven by the belief in its long-term value and future growth prospects. The concentration of XRP in a few large wallets, particularly those associated with exchanges, suggests that these tokens are being held by high-net-worth individuals or institutional investors who are positioning themselves for future gains. This accumulation pattern is consistent with the strategies of sophisticated investors who are looking to capitalize on potential market shifts. The ongoing interest from larger players, as evidenced by the acquisition of 900 million tokens worth $1.89 billion over the past month, further supports the notion that XRP is attracting significant attention from affluent investors. Despite the token's price remaining relatively stable, the accumulation trend reflects optimism about its future price movement, indicating confidence in its medium-term to long-term potential. The market sentiment among wealthy participants suggests a belief in XRP's ability to break through key resistance levels and achieve an upward breakout in the future.