Foreign media reports that the recent focus of XRP discussion has shifted from short-term price fluctuations to whether the continued accumulation of tokens by large holding addresses will drive a faster price revaluation. The article cites on-chain data stating that wallets holding over 1 million XRP currently control more than 74% of the circulating supply, while retail investors have continued to sell during most pullbacks.

Whale holdings continue to be concentrated

The report mentioned that these large addresses have collectively increased their holdings by approximately 1.53 billion XRP over the past six months. This has led to a market consensus that if holdings continue to concentrate in the hands of a few large investors, subsequent price fluctuations may not unfold in a slow, gradual upward climb, but rather are more likely to manifest as periods of rapid, albeit temporary, price surges.

The article also mentioned that XRP rose to around $1.25 before falling back to about $1.20. Some traders consider this level to be a short-term support zone.

• Wallets holding over 1 million coins control more than 74% of the supply.
• New holdings of XRP have increased by approximately 1.53 billion units in the past six months.
• The price briefly touched $1.25 before falling back.

Regulatory progress becomes a key point of interest.

Foreign media articles suggest that supporters see the regulatory classification change as a potential catalyst. The article mentions that in mid-March, US regulators classified XRP as a digital commodity, a development interpreted by some market participants as potentially boosting institutional allocation intentions.

The article also cites market analysts who believe that XRP could benefit from a clearer regulatory environment if the US Congress advances legislation related to the crypto market structure. The report mentions that Charles Schwab, head of digital asset research, believes that the passage of the CLARITY Act could trigger a new round of price increases; Galaxy Research, on the other hand, gives a high probability of its passage.

Divergent views between executives and analysts

However, Ripple insiders do not entirely agree with the aggressive price predictions. Former CTO David Schwartz remained cautious about the circulating $50 to $100 target, stating that he was unwilling to make such a judgment. Ripple CEO Brad Garlinghouse emphasized that the company remains highly focused on the development of the XRP ecosystem.

The article also summarizes the long-term forecasts of several institutions and analysts. Standard Chartered maintains its target price for XRP in the $27-$28 range by 2030; another analyst gave technical targets of $8, $13, and $27. Foreign media believe that whether XRP will see a larger upward move still depends on the speed of regulatory progress and whether the accumulation by large whales can continue to translate into actual buying momentum.