Wallets holding at least 10 million XRP now control 46.87 billion tokens, representing 68.5% of total supply—the highest concentration for this cohort since November 2022, according to Santiment data. The accumulation trend persists despite XRP trading near $1.29, signaling sustained conviction among large holders beneath the price action. Santiment identifies $1.30 as a near-term pivot and $1.50 as a stronger confirmation level for a broader recovery. As long as XRP holds above $1.20 and whale balances remain near record highs, the accumulation thesis stays intact. Reclaiming $1.50 alongside continued whale buying would significantly strengthen the case for a larger upside move.