Foreign media reports indicate that XRP's holdings distribution has once again drawn market attention. The article cites analysts who state that addresses holding more than 1 million XRP collectively control approximately 93% of the token supply. This means that the top holders still have a significant impact on liquidity and market sentiment.
Addresses with over 1 million tokens account for the majority of the supply.
The report mentions that the total supply of XRP is capped at 100 billion. Under this structure, the buying and selling activities of large addresses are more likely to amplify market volatility. Concentrated holdings mean that a few addresses have a stronger influence, and also indicate that some large holders are maintaining long-term positions.
Analysts also noted that an address holding approximately 2,200 XRP would likely be among the top 10% of holders. This reflects the uneven distribution of the remaining supply across a wider range of wallets, aside from the top addresses.
The prolonged consolidation trend remains a focus.
In addition to the position structure, the article also focuses on XRP's multi-year consolidation trend. Foreign media quoted another market observer as saying that XRP has been fluctuating within a wide range for an extended period, with buying continuously absorbing selling pressure, while the price remains compressed.
The report noted that some technical analysts observed XRP consistently forming higher lows on the weekly and monthly charts. This typically means that whenever the price retraces to key areas, buyers re-enter the market, preventing the price from falling further into lower ranges.
$1.21 becomes a key level to watch in the short term.
The article argues that prolonged sideways trading often increases market attention to a breakout. Once trading volume surges and major resistance levels are broken, price volatility may accelerate. The market is currently observing whether large open positions, sustained buying, and technical patterns will converge at the same stage.
According to CoinCodex data, XRP is currently trading at $1.13. The report mentions that the $1.21 area has become a key short-term level, and the market is watching whether the price can regain this level to determine the next direction.
