XRP’s Recent Highs and the Big Players Behind It

XRP’s price jumped to $1. 55 after the U. S. Senate Banking Committee approved the CLARITY Act. That law could settle whether XRP is treated as a security or a commodity, giving traders a quick reason to buy. But within hours, the price slipped below $1. 45, showing how fast sentiment can flip when big investors start taking profits. The biggest holders of XRP, often called whales, now control 45. 83 billion tokens—worth $68. 5 billion. These wallets, each holding at least 10 million XRP, now hold 68. 5% of all coins in circulation. That’s the highest concentration since 2018, meaning the richest players are piling in rather than cashing out during upward moves. Meanwhile, U. S. -based XRP spot ETFs saw $49. 63 million flow in this week alone. Last week’s total was $34. 21 million, so this week is on track to finish 45% higher. The total money parked in these ETFs now stands at $1. 25 billion, with lifetime inflows reaching $1. 37 billion. That steady cash inflow suggests growing trust from regular investors.Technical traders noticed XRP breaking past the upper Bollinger Band at $1. 4850, a classic sign that momentum is strong. After weeks of squeezing sideways, the coin finally pushed higher. The recent dip back toward $1. 50 is just a normal retest of resistance, not the start of a downturn. Support levels below at $1. 41 and $1. 42 are holding firm, keeping the upward pressure alive. Before the Senate vote, futures and options activity spiked. More traders were opening new positions instead of closing old ones, betting on a bigger move rather than playing it safe. If XRP can clear and hold above $1. 50, the next targets sit between $1. 55 and $1. 63. A drop below $1. 38 on any trading day would erase those hopes entirely.