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Major whales scoop up 4.18B XRP since the 10/10 market crash

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XRP news: Major whales scoop up 4.18B XRP since the 10/10 market crash - 1

Large XRP holders have significantly increased their positions in recent months, accumulating billions of tokens following the sharp market downturn that began around October 10.

Summary

  • Large XRP holders accumulated 4.18 billion tokens following the Oct. 10 market crash, according to Santiment data.
  • Wallets holding 10M–100M XRP now control roughly 10.87B tokens, signaling sustained whale accumulation.
  • XRP is currently consolidating near $1.40, with key support at $1.35 and resistance around $1.50–$1.60.

The broader crypto market experienced a notable correction during that period, with several major assets retracing after a strong rally earlier in the year. The Ripple token (XRP) was among the tokens affected, sliding from above the $2.30 region and entering a prolonged downtrend that lasted through early 2026.

However, the sell-off appears to have created an accumulation opportunity for large investors.

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Data from Santiment shows that wallets holding between 10 million and 100 million XRP have steadily increased their balances since the October crash. These addresses collectively added roughly 4.18 billion XRP over the period, pushing their combined holdings to about 10.87 billion XRP.

XRP news: Major whales scoop up 4.18B XRP since the 10/10 market crash - 1
Whales accumulating XRP | Source: Santiment

Meanwhile, the largest whale cohort, wallets holding 100 million to 1 billion XRP, have also maintained elevated holdings, with balances recently climbing toward 8.74 billion XRP.

The sustained rise in these wallet balances suggests that major investors have been quietly accumulating during the market pullback rather than exiting positions, a pattern that historically precedes stronger market moves once broader sentiment improves.

XRP price analysis

At press time, XRP is trading near $1.40, stabilizing after weeks of sideways price action following the earlier decline from the $2.20 region.

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XRP news: Major whales scoop up 4.18B XRP since the 10/10 market crash - 2
XRP price analysis | Source: Crypto.News

The daily chart shows XRP forming a consolidation range between roughly $1.35 and $1.50, indicating a potential base-building phase as volatility continues to compress.

Momentum indicators remain neutral. The Relative Strength Index (RSI) is hovering around 45, suggesting that the asset is neither oversold nor overbought. This typically reflects a market waiting for a stronger directional catalyst.

Meanwhile, the Chaikin Money Flow (CMF) indicator is slightly negative near -0.11, indicating mild capital outflows despite the ongoing whale accumulation.

Key technical levels to watch include support around $1.35, which has held multiple times in recent weeks. A breakdown below this level could open the door toward $1.20.

On the upside, resistance sits near $1.50, with a stronger barrier around $1.60. A decisive breakout above this zone could signal renewed bullish momentum if whale accumulation continues.

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Crypto World

Morgan Stanley Sets Bitcoin ETF Fee at Ultra-Low 0.14%

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Morgan Stanley Sets Bitcoin ETF Fee at Ultra-Low 0.14%

Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund at a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive.

The 0.14% fee, proposed in Morgan Stanley’s latest S-1 registration statement on Friday, would be one basis point below the Grayscale Bitcoin Mini Trust ETF (BTC), currently the cheapest in the US market, and 11 basis points below the BlackRock-issued iShares Bitcoin Trust ETF (IBIT).

“Big move here. They are not messing around,” Bloomberg ETF analyst James Seyffart said, predicting that the Morgan Stanley Bitcoin Trust (MSBT) is “likely to launch in early April.”

Source: James Seyffart

Fellow Bloomberg ETF analyst Eric Balchunas said the low fee means that none of Morgan Stanley’s roughly 16,000 financial advisors — which manage $6.2 trillion in client assets — would feel conflicted in recommending the product to its clients.

Given that spot Bitcoin ETFs track the price movements of Bitcoin (BTC), Morgan Stanley’s ultra-low fee could spark a fresh fee war in the $83 billion market, putting immediate pressure on rivals to cut costs or risk losing assets.

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Regulatory approval would make Morgan Stanley the first bank to issue a spot Bitcoin ETF, expanding access to Bitcoin exposure for millions of its high-net-worth clients.

“They are the ultimate gatekeepers of rich boomer money,” Balchunas added.

Morgan Stanley previously selected Coinbase and Bank of New York Mellon as the proposed custodians for its Bitcoin ETF.

Morgan Stanley seeking suite of crypto ETFs, banking charter

Morgan Stanley, previously one of the more crypto-hesitant Wall Street firms, filed for the spot Bitcoin ETF in the first week of January, along with a Solana (SOL) ETF.

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Related: Bitcoin traders see 53% odds of sub-$66K BTC by April 24 

It then filed papers for a staked Ether (ETH) ETF later that week, and by the end of the month, the bank appointed one of Morgan Stanley’s longest-standing executives, Amy Oldenburg, to lead its digital asset team.

Source: James Seyffart

Morgan Stanley also applied for a national trust banking charter on Feb. 18, seeking to custody certain digital assets and execute purchases, sales and swaps for clients in addition to staking services.

In October, before the investment bank adopted its institutional crypto strategy, it recommended a 2% to 4% allocation to crypto portfolios for investors. It also allowed its financial advisors to recommend crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s.

Magazine: Bitcoin may face hard fork over any attempt to freeze Satoshi’s coins

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