Українська
Русский
English
Large Investors Concentrate 83.7% of XRP Supply Amid Profit-Taking
The price of $XRP continues to move within a prolonged downtrend. This trend has limited sustainable upside for several months. The asset has attempted multiple times to break key resistance levels but without success. Although short-term market sentiment has slightly improved, the broader macro structure remains unstable.
Recent on-chain data presents mixed signals. On one hand, accumulation by large holders suggests confidence in a potential rebound. On the other hand, profit-taking and slowing network growth highlight structural risks. These factors could hinder any recovery attempts.
Large Wallet Activity
Large $XRP holders continue increasing their positions despite challenging market conditions. Throughout February, addresses holding more than 100,000 coins significantly expanded their cumulative balances. These investors now control 83.7% of the total token supply.
Such concentration signals strong confidence among large-cap investors. Typically, major players accumulate during consolidation phases in preparation for future upside. Their buying behavior suggests expectations of recovery rather than imminent selling pressure. Long-term accumulation may reduce circulating supply and help contain volatility.
$XRP Supply Distribution. Source: Glassnode
Bearish Reversal Signals Appear
At the same time, early signs of profit-taking are emerging on on-chain charts. Over the past 24 hours, the network profit and loss metric rose to $207 million — marking the first significant wave of realized profits in nearly a month.
Moderate profit-taking can support healthy market structure, but intensified selling may undermine recovery prospects. If short-term speculative selling accelerates, $XRP’s rebound could stall. Monitoring this metric will help determine whether the token can continue its recovery.
$XRP Network Profit and Loss. Source: Santiment
New address growth paints a more cautious backdrop. This on-chain indicator compares monthly (red line) growth in new addresses with annual (blue line) growth rates. When monthly figures fall below yearly averages, it signals declining network activity.
Since December 2025, monthly growth in new $XRP addresses has consistently remained below annual levels. This gap reflects reduced on-chain engagement and lower network utilization. Weak inflows of new participants typically indicate slowing capital inflows.
$XRP New Address Growth. Source: Glassnode
Persistent contraction limits organic demand. If active addresses fail to expand, price recovery depends primarily on existing holders rather than new participants. Historically, prolonged divergence between monthly and annual growth can suppress price appreciation until conditions normalize.
A trend reversal would signal strengthening fundamentals. If monthly new address growth once again exceeds annual averages, it would indicate renewed network interest. Until then, macro fundamentals remain vulnerable despite optimism among large investors.
$XRP Price Decline Persists
At the time of writing, $XRP trades at $1.34 — directly above a key support level. The altcoin has failed to establish a position above the $1.47 resistance. Since the start of 2026, a descending trendline has capped upside potential.
If selling pressure intensifies, $XRP could lose the $1.34 support. Amid rising profit-taking, such a scenario could push the price down to $1.28. Further weakness may open the path toward $1.21, reinforcing the current downtrend.
$XRP Price Technical Analysis. Source: TradingView
If profit-taking stabilizes, the asset may hold above $1.34. Sustained consolidation above this level would ease pressure from the descending trendline. A decisive breakout above $1.47 would invalidate the bearish scenario. Strong momentum under that setup could drive $XRP toward $1.58, marking a structural market reversal.
See also: "Bitcoin ETFs Attracted $458 Million in One Day Despite the Iran Crisis"
