XRP price struggles at $1.30 despite whale holdings reaching 4-year high

XRP has struggled to build momentum above $1.30 despite Santiment reporting that wallets holding at least 10 million tokens now control 46.87 billion XRP, representing approximately 68.5% of the supply tracked by the analytics platform. XRP whale wallets reportedly control 46.87 billion tokens, according to Santiment. XRP trades near $1.30 after losing almost 15% over the past month. Positive money flow contrasts with continued bearish pressure on the daily chart. Analysts identify $1.20 support and $1.50 resistance as important recovery levels. According to an October 27 Santiment update, the concentration of XRP among large holders has reached its highest level since November 2022. The firm described continued accumulation by major wallets even as the cryptocurrency trades well below its September levels.

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