XRP whales now control 83.7% of the total supply, signaling strong institutional confidence despite the cryptocurrency’s prolonged downtrend. The altcoin has struggled to break key resistance levels, with on-chain metrics revealing a $207 million profit-taking surge in the past 24 hours—the first significant withdrawal since late December. While whale accumulation suggests optimism, profit realization and stagnant network growth pose risks to sustained price recovery.

The monthly new address growth for XRP has consistently fallen below yearly averages since December 2025, indicating declining network adoption. This contraction limits organic demand, forcing price momentum to rely on existing holders rather than new participants. Historical trends show such divergence often suppresses rallies until on-chain activity normalizes.

Despite whales piling into XRP during consolidation phases, the lack of fresh buyers creates a fragile foundation for recovery. Analysts warn that accelerated selling from profit-takers could undermine bullish setups, highlighting the need for renewed network expansion to support long-term gains.

Whale dominance and profit-taking dynamics remain critical watchpoints. A rebound in monthly new addresses above yearly benchmarks would signal improving fundamentals, but until then, XRP’s price trajectory hinges on balancing institutional confidence with retail participation.