As of March 2026, XRP whales (addresses holding more than 100,000 XRP) have increased their collective ownership to 83.7% of the total supply. This massive concentration reflects high conviction among major investors, even as the asset faces a prolonged downtrend and significant on-chain profit-taking. 

Supply Concentration & Whale Activity

83.7% Dominance: Whale wallets now control the vast majority of XRP, following a steady accumulation trend throughout February 2026.

Systematic Inflows: Large holders have transferred approximately 3.8 billion XRP to exchanges since early January 2026.

Repositioning Strategy: These "repeated waves" of exchange inflows suggest whales are systematically repositioning balances to prepare for high volatility or potential redistribution.