Large XRP holders have built their share of the token's supply to 68.5%, the highest level recorded since November 2022, according to on-chain analytics firm Santiment. The milestone comes even as XRP's price pulls back toward $1.29 amid renewed selling pressure.

Santiment Intelligence reported that wallets holding at least 10 million XRP collectively own 46.87 billion tokens. The firm's analysis, shared via its official X account, pairs the accumulation data with technical readings that have so far resisted a sustained recovery.

Whale Holdings Reach Their Highest Share Since 2022

According to Santiment Intelligence, large XRP holders have continued to increase their exposure despite the token's weakness near $1.29. The group's combined balance now stands at 46.87 billion XRP, representing approximately 68.5% of the total supply — a level last recorded in November 2022. That leaves the remaining 31.5% of the supply distributed across all other wallets combined. Whale supply ratios like this are widely used as a gauge of ownership concentration, since they measure how much of an asset rests with a small cohort of holders.

The analytics firm identifies $1.30 as the immediate price pivot and $1.50 as a stronger confirmation level. In Santiment's assessment, XRP holding above $1.20 while whale balances remain elevated would preserve the accumulation thesis, while a move above $1.50 accompanied by further whale growth would strengthen the case for a broader recovery.

XRP Faces Resistance Above $1.29

A chart dated October 27, 2026, places XRP near $1.295, below its 50-day moving average at roughly $1.31. The token previously declined from approximately $1.45 in May to $1.00 in mid-August before staging a sharp recovery. However, XRP retreated after reaching nearly $1.62 in September, and its 50-day moving average has since turned downward, reflecting weaker short-term momentum.

Meanwhile, the 200-day moving average remains near $1.41, adding another resistance level above the current price. Immediate support is located between $1.25 and $1.28. A break below this range could expose $1.20, followed by $1.06. On the upside, XRP needs to reclaim the $1.31 level before challenging resistance between $1.38 and $1.41.

Network Activity Falls as Holder Numbers Rise

The same dataset shows a sharp increase in daily active addresses during August's rally, with the metric spiking to nearly 938,000. Activity subsequently declined, and the latest reading stands at approximately 24,300 addresses.

Despite the drop in network activity, XRP's total holder count has continued to rise, reaching approximately 8.26 million. Taken together, the figures depict a growing holder base alongside lower network activity and a retreating token price. Seen alongside Santiment's whale figures, the pattern is one of ownership concentrating among the largest wallets even as routine transaction activity thins.