XRP Surges 13% in 24 Hours as Whales Now Control Nearly 75% of Supply

XRP gained 13% in the past 24 hours, reclaiming the $1.28 level for the first time in two weeks. The move followed reports that US–Iran tensions had eased, improving sentiment across risk markets.

Against this backdrop, data from Santiment shows that sentiment around XRP had fallen to some of its lowest levels in 2026. This low-confidence environment helped set the stage for a sharper rebound once selling momentum began to ease.

Further supporting the recovery, on-chain data shows that large holders remain actively positioned. Wallets holding at least 1 million XRP now control 74.1% of the total supply and have accumulated roughly 1.53 billion coins over the past six months.

Meanwhile, the ongoing expansion of Ripple’s institutional payments network, combined with increasing tokenization activity on the XRP Ledger, has continued to underpin longer-term interest as upward price momentum builds.

Source: Santiment