XRP (XRP) Whales Accumulate $678M in Coins While CLARITY Act Vote Looms

Key Takeaways

• XRP currently sits at $1.13, representing a 69% decline from the $3.65 record high reached in January 2026
• Large holders controlling 100K–100M XRP accumulated 600 million tokens (approximately $678M) during a five-week period
• CLARITY Act approval probability ranges from 39–43%, with Senate Republicans unveiling revised legislation on July 22
• XRP exchange-traded funds recorded no activity on July 22, though year-to-date 2026 inflows exceed $200 million
• Technical analysis reveals a bullish flag formation suggesting potential upside to $1.24 upon breaking $1.16 resistance

As of July 23, 2026, XRP maintains a price level of $1.13. This represents a significant 69% retracement from the token’s peak valuation of $3.65 achieved earlier this year in January.

XRP Price

While prices have retreated substantially, institutional-sized wallets continue accumulating. According to Santiment analytics, addresses containing between 100,000 and 100 million XRP tokens increased their positions by 600 million coins throughout the five-week window ending July 22. At prevailing market rates, this accumulation represents approximately $678 million in capital deployment—marking a 2.8% expansion in their aggregate holdings.

Daily trading activity registers at $980 million according to CoinMarketCap figures. Futures open interest has contracted to $2.50 billion from the June 1 level of $2.96 billion, based on Coinglass tracking. Derivatives market activity has likewise declined from February 2026’s $15 billion peak to the current $1.91 billion level.

The XRP Ledger achieved a milestone this month by processing over 1 million agentic transactions. Additionally, the XRPL Lending Protocol went live, introducing institutional-grade credit infrastructure to the ecosystem.

CLARITY Act Becomes Central Catalyst

The most significant near-term catalyst affecting XRP remains the CLARITY Act legislation. Brad Garlinghouse, Ripple’s chief executive, has openly called on lawmakers to approve the measure prior to the August Congressional recess. On July 22, Senate Republicans published revised bill language incorporating an ethics clause that prohibits presidential issuance of digital assets.

This amendment has failed to secure Democratic support. Legislative debate centers on whether state attorneys general should oversee ethics enforcement. Polymarket prediction markets currently price passage probability between 39% and 43%.

Exchange-traded fund activity for XRP recorded zero net flows on July 22, seemingly correlated with legislative uncertainty. Despite ongoing price weakness, cumulative 2026 net inflows surpass $200 million.

Critical Technical Thresholds

Chart analysis on the 4-hour timeframe shows XRP developing a bull flag configuration. This pattern measures 7.25% in height, projecting an upside objective of $1.24 contingent on a confirmed breakout above $1.16 resistance.

Source: TradingView

The Relative Strength Index registers 55, suggesting moderately bullish momentum conditions. XRP is currently trading above both its 50-day exponential moving average at $1.11 and 200-day exponential moving average at $1.12.

Should the price breach support at $1.11, downside pressure could drive the token toward the July 20 trough of $1.08.

Standard Chartered analysts maintain their $8 price forecast for XRP in 2026, extending to $28 by 2030. Larry Fink, BlackRock’s chief executive, commented that recent market liquidations eliminated excessive leverage positioning, stating he has turned “very bullish” on cryptocurrency price recovery prospects.

XRP exchange-traded products have attracted more than $200 million in net capital inflows during 2026, persisting despite sustained price depreciation.

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