XRP has dropped nearly 40% since the start of 2026, falling roughly 70% below its all-time high of $3.65. Bitcoin fell below $60,000 for the first time since October 2024. Spot Bitcoin ETFs recorded $4.4 billion in outflows across 13 consecutive days.
Middle East tensions, persistent inflation concerns, and Goldman Sachs abandoning its 2026 rate cut forecast combined to create a sustained risk-off environment across all asset classes.
The number of wallets holding 10,000 or more XRP has hit an all-time high of 332,230, growing consistently since June 2024 and continuing through the entire drawdown. The millionaire tier, wallets holding over one million XRP, added 42 new addresses since January and accumulated 1.2 billion tokens in the first quarter alone, the heaviest quarterly accumulation since 2023.
Mega whale wallets holding 10 million or more XRP now control approximately 45.83 billion tokens, representing 68.5% of circulating supply and the highest whale concentration since May 2018.
Additionally 91.4% of recent exchange outflows are coming from large holders moving coins into private custody, and over 25 million XRP was pulled off exchanges the moment price touched $19.
In December 2025 the OCC granted Ripple conditional approval for a national trust bank charter, with the final rule activating permissible activities taking effect on April 1, 2026. Ripple is also pursuing a Federal Reserve master account, a process currently paused until end of 2026.
RLUSD has grown to approximately $1.7 billion in market cap, ranking as the eighth largest stablecoin globally and live across more than 40 networks. On June 3 Mastercard added RLUSD to its 24/7 on-chain settlement network alongside USDC and PYUSD.
The SEC case against Ripple concluded in August 2025 with a joint dismissal of appeals, confirming XRP is not a security when sold on public exchanges. Ripple paid a reduced $50 million penalty with $75 million returned as part of the settlement.
Both the SEC and CFTC currently view XRP as a digital commodity but that classification has not been written into law. An executive agency classification can be reversed by the next administration with a memo. A statute cannot.
The CLARITY Act would permanently codify XRP’s commodity status. It passed the House 294 to 134 and cleared the Senate Banking Committee 15 to 9. Standard Chartered has set a conditional $8 XRP price target tied to ETF inflows reaching $10 billion if the bill passes.
XRP tells two completely different stories depending on which data you look at.
The Bull Case
The Bear Case
Bear Price Targets
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Wall Street spent years warning investors about crypto volatility. Now it's trying to sell it…
Ripple has made a strategic investment in Flutterwave, the African payments company, as part of…
Binance, the world's largest crypto exchange, could soon face one of its biggest regulatory challenges…
The sluggish behaviour of the Ethereum price has raised uncertainty among investors, while future traders…
CryptoQuant analyst Darkfost reports that Binance's Bitcoin futures market has reached a staggering $800 trillion…
Story Highlights The live price of the TON token is A confirmed breakout phase could…
