Ripple’s XRP, often described as the central asset in the company’s payment ecosystem, is approaching the $1.50 price level. This move appears driven by a shrinking amount of coins available for trading.
According to data from SoSoValue, U.S. spot exchange-traded funds now hold 1.34% of XRP’s total circulating supply. This marks a new record. In the last day, these ETFs saw net inflows of $18.52 million, with trading volume reaching $46.78 million.
Institutional Demand Tightens Supply
Since these products launched in late 2025, total inflows have reached $1.37 billion. Assets under management now sit at $1.25 billion. This steady accumulation suggests Wall Street is growing more comfortable with the asset.
Supporting this confidence, the Senate Banking Committee recently approved the CLARITY Act. Separately, Ripple completed a pilot project with JPMorgan and Mastercard. That project tested settlement of tokenized U.S. Treasury bonds on the XRP Ledger.
Whale Holdings Hit 8-Year High
On-chain data shows wallets holding 10 million XRP or more have accumulated 45.83 billion tokens. That represents about 68.5% of the total circulating supply. It is the highest concentration of large holders in eight years.
This creates what analysts call a supply squeeze. When nearly 70% of coins sit in whale wallets, and ETFs continue pulling another 1.34% from circulation, fewer coins remain for regular traders. Even a single large buy order could push the price past $1.50.
What This Means for Price Action
The $1.50 level is psychological. Breaking it could trigger further buying. But it is not guaranteed. Some traders may take profits there. Others might wait for clearer regulatory news.
Still, the combination of institutional buying and long-term holding by large players is unusual. It suggests that many market participants expect higher prices later this year. For now, XRP seems to be in a position where demand is slowly overtaking available supply.
