- XRP’s structural resilience is being put to the test.
- Large holder addresses hit all-time highs, signaling smart money accumulation.
If there’s one coin putting its holders’ patience to the ultimate test, it’s Ripple [XRP].
A month later, and it’s still down about 4% from where it was. It’s like the price is caught in limbo, teasing both bulls and bears without committing to either side.
You’d expect fatigue to kick in by now. XRP has tapped the $2 support level three times since May. Usually, the more a support level gets tested, the more likely it is to crack.
From a technical standpoint, that puts downside risk on the table.
And yet, no capitulation. It’s almost like the whales and long-term holders know something the rest of the market hasn’t caught onto yet. Is it blind faith? Or is something brewing beneath the surface?
Silent and sideways – Unpacking XRP’s technical stillness
One look at XRP’s daily chart, and its silence is hard to miss.
While Bitcoin [BTC] surged from $76k in April, nearly doubling by mid-May, XRP’s price remained largely range-bound, showing minimal volatility.
This contrasts sharply with the prior cycle, where BTC’s breakout to $100k ignited a parabolic 500%+ rally in XRP, peaking at $3.54 in early January and pushing as many as 99.8% of its supply into profit.
Source: TradingView (XRP/USDT)
Fast-forward to now, XRP’s profitability metric has retraced to roughly 80%.
This indicates that while weak hands have likely offloaded their positions after taking profits, a substantial cohort of holders remains in unrealized gain territory.
According to AMBCrypto, these unrealized gains keep FOMO alive for further upside, which helps explain why we haven’t seen any major capitulation despite the sideways price action.
Market structure reflects patience, not pressure
On the surface, XRP might seem to lag behind its peers, but its underlying market structure suggests a developing structural edge, driven by concentrated supply dynamics.
Roughly 95% of Ripple’s total supply sits within just two dominant wallets, with about 85% controlled by addresses holding over 100,000 XRP. Another 11% is held by mid-sized addresses holding between 10,000 and 100,000 XRP.
Notably, addresses holding more than 10,000 XRP have climbed to a fresh all-time high of 303,000 coins, up from 285,000 just six months ago.
This accumulation pattern reveals where liquidity is being systematically absorbed.
Source: Glassnode
Put differently, while most eyes are on faster-moving coins, XRP seems to be quietly locking down its supply. Strong hands are stepping in, weak hands are getting flushed out.
Compare that to Solana [SOL], where “hype-driven” rallies are showing signs of exhaustion, with conviction thinning and key support zones breaking down.
So while XRP may not be moving fast, it’s moving smart. And that slow, steady positioning could be what gives it a real edge for long-term holders.
