XRP Faces Key Levels as Top Holders Reveal Who Controls the Supply

XRP trades at $1.38, falling but still inside its range. Below the surface, a fresh supply audit shows why price feels stuck, and who’s actually pulling the strings. New data suggests the answer to “who controls XRP” is a lot narrower than the token’s 68 billion circulating supply.

XRPSCAN data shows the ten largest known entities collectively hold approximately 64.1% of the total XRP supply. Ripple alone accounts for nearly 40%, split across 31 tracked accounts. With the bulk of that locked in escrow rather than freely tradable.

Exchanges round out the list: UPbit holds 6.41 billion XRP, Coinbase 5.82 billion, Binance 2.74 billion, most of it custodial on behalf of users.

That concentration matters more when the price sits at a decision point. XRP’s August rally to $1.70 has faded into consolidation, and the next move likely hinges on whether large holders defend or dump into the current support band.

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XRP is consolidating near $1.35, inside a range that’s held for several sessions with daily volume running above $2 billion. The $1.35–$1.38 zone remains the level to watch. It is backed by the largest historical trading volume on URPD metrics and lines up with the 200-day EMA, making it the market’s real line in the sand.

• Bull case: a clean hold above $1.38 opens a path through resistance at $1.55, $1.60, and $1.68, with a breakout above $1.86 clearing the way toward $2.19.
• Base case: continued chop between $1.35 and $1.45 while the market waits for a catalyst.
• Bear case: a break below $1.35 risks a slide toward $1.31, then $1.27, invalidating the near-term bullish structure.

Recent breakout analysis flags $1.43 as a key line for maintaining bullish momentum. Worth tracking closely over the next few sessions.

XRP’s price action rewards patience, not conviction. A top-50 wallet concentration north of 43% means big holders, not retail sentiment, often decide where support breaks. This is fine for a $1.35 asset with a $200B+ market cap; less exciting if the goal is asymmetric upside.

This is where presale-stage tokens like whale-versus-retail dynamics start to look different, smaller supply, no legacy overhang, room to move.

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