XRP whale accumulation has intensified in 2025, with the number of whale and shark wallets on the XRP Ledger dropping 20.6% over the past two months, yet their collective holdings surging to a seven-year high of 48 billion XRP, signaling strong buying amid market consolidation.
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XRP whale wallets with over 100 million tokens decreased by 569 since late September, marking one of the fastest contractions recorded.
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This decline in wallet count coincides with heightened accumulation, as large holders consolidate supply during a bearish phase.
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Spot XRP ETFs in the U.S. have drawn $756 million in net inflows, contributing to redistribution among high-value accounts, per Santiment and CryptoQuant data.
Discover XRP whale accumulation trends in 2025: Fewer wallets but record 48B XRP holdings amid ETF launches and declining Binance reserves. Stay ahead—explore the implications for XRP price today.
What Is Driving XRP Whale Accumulation in 2025?
XRP whale accumulation reflects a strategic consolidation by large holders on the XRP Ledger, where the number of whale and shark wallets has fallen sharply, but their total holdings have climbed to unprecedented levels. According to Santiment Feed’s analysis, wallets holding over 100 million XRP dropped by 20.6%—losing 569 addresses—in the last eight weeks, one of the quickest contractions on record. Despite this, these entities now control 48 billion XRP, a figure not seen since late 2018, indicating that fewer but more dominant players are absorbing supply from retreating short-term holders.
Why Are XRP Whale Wallet Numbers Declining?
The reduction in XRP whale wallets stems from ongoing market dynamics and redistribution efforts. Santiment data shows that three months ago, when XRP traded near $2.85, over 2,000 wallets held more than 100 million tokens, totaling about 47.7 billion XRP. By contrast, during XRP’s all-time high in July 2025 at $3.65, large wallets exceeded 2,700 but lacked the concentrated holdings observed today. This shift suggests mergers or transfers among whales, as mid-tier holders (1-10 million XRP) offloaded over 2.20 billion tokens in November, valued at more than $4.11 billion at prevailing prices.
🐳 XRP Ledger is seeing a fascinating trend of whale & shark wallets shrinking in number, but continuing to grow in coins held. There are -20.6% less 100M+ $XRP wallets compared to 8 weeks ago, but they still own a 7-year high 48B coins collectively.
— Santiment (@santimentfeed) December 1, 2025
The launch of spot XRP ETFs in the United States has accelerated this trend. On November 13, Canary Capital introduced the first such ETF, followed by offerings from Franklin Templeton, Bitwise, and Grayscale. These funds have amassed $756 million in net inflows and $723 million in assets under management, drawing institutional capital that likely fuels whale accumulation. While exact whale contributions to inflows remain undisclosed, the surge aligns with broader exposure strategies by major players.
Frequently Asked Questions
What Impact Have Spot XRP ETFs Had on Whale Activity?
Spot XRP ETFs launched in late 2025 have boosted institutional interest, leading to $756 million in net inflows and contributing to whale accumulation patterns. These products from firms like Canary Capital and Franklin Templeton have redistributed XRP among large holders, with Santiment noting increased supply concentration despite fewer whale addresses.
How Are Declining Binance Reserves Affecting XRP Supply?
Binance’s XRP reserves have fallen by about 300 million tokens since October 6, 2025, reaching the lowest level since July 2024 at just over 2.7 billion XRP, according to CryptoQuant. This outflow signals reduced exchange-held supply, potentially supporting price stability as tokens move to private wallets or institutional custody.
XRPL Binance exchange reserve. Source: CryptoQuant.Network activity underscores these shifts. In the final week of November 2025, the XRP Ledger processed over 40,000 configuration transactions, primarily AccountSet and Automated Market Maker Bid types, as reported by blockchain analyst Vet. These operations often involve institutions setting up custodial accounts, enhancing security, or injecting liquidity for ETF-related products, preparing the infrastructure for expanded trading.
Key Takeaways
- Whale Contraction Signals Strength: A 20.6% drop in XRP whale wallets hides robust accumulation, with holdings at a seven-year peak of 48 billion XRP, per Santiment.
- ETF Inflows Drive Redistribution: U.S. spot XRP ETFs have secured $756 million in inflows, aiding large holders in consolidating supply from sellers.
- Monitor Price Resistance: XRP faces hurdles at $2.50; a break above $2.58 could signal bullish reversal, as noted by analysts like Egrag Crypto.
Conclusion
XRP whale accumulation in 2025 highlights a maturing ecosystem, where declining wallet counts mask record holdings and institutional inflows from spot ETFs, as evidenced by Santiment and CryptoQuant metrics. With Binance reserves at multi-month lows and surging ledger transactions, the fourth-largest cryptocurrency by market cap is positioning for potential growth. Investors should watch key resistance levels and Bitcoin dominance for cues on future XRP price movements, staying informed on these evolving trends.
Amid this consolidation, XRP has experienced a price pullback, dropping nearly 10% in the past week to trade around $2.00, down 1.6% in the last 24 hours. The token has repeatedly tested the $2.50 resistance over the past 30 days without breakthrough, prompting sellers to re-enter between $2.28 and $2.58. XRP community figures, such as analyst Egrag Crypto, point to a forming bullish pennant pattern, with the 50-day EMA now acting as support—unlike in 2021 when it posed resistance. Egrag noted, “If BTC dominance peaks, XRP will surge,” emphasizing the interplay of broader market factors.
