XRP年内跌近40%，鲸鱼却创纪录增持

Like most altcoins, XRP is in the toilet. Unlike most altcoins, XRP has a huge [music] fanatical community behind it, many of whom have supported it for years. But this army of diearts that has held through multiple cycles is being tested like never before. XRP is down over 39% in 2026. [music] It hit an intraday low of $15 on the 6th of June, and it now sits roughly 70% below its $365 all-time high from almost a year ago.

Meanwhile, the crypto fear and greed index is parked in extreme fear. Sentiment is about as bad as it's ever been, and many are now asking, "Is it over?" But while the price bleeds out in full view, whale wallets are accumulating XRP at an all-time record pace. Ripple just became a federally chartered trust bank. And there's a piece of legislation sitting in the Senate right now that could flip this entire chart in a matter of weeks.

So today, I'm going to lay out XRP's price carnage, walk you through what Ripple, the company, has actually been building in the background, and try to determine exactly which catalyst decides whether this is the end or just the beginning. My name is Guy, and you're watching [music] the Coin Bureau. So XRP is down almost 40% since the start of the year with its market cap shrinking to roughly $67.6 6 billion. It has broken decisively below its 200-day moving average, which sits up at $159.

For those unfamiliar, the 200 day moving average is the line traders use to separate a healthy uptrend from a broken one. And XRP is trading about 30% beneath it. Meanwhile, the 14-day RSI is sitting at 31.7, right on the edge of technically oversold. And none of this is happening in isolation, of course. So before you get all shirty in the comments, yes, many altcoins are doing considerably worse. And yes, the whole sector is suffering, but this is a video about XRP, so I'm talking about XRP.

Anyway, Bitcoin is down around 24% over the past month, dropping below $60,000 for the first time since October 2024. Spot Bitcoin ETFs just bled out roughly $4.4 billion across a 13-day outflow streak. Add in Middle East tensions, sticky inflation fears, and Goldman Sachs scrapping its 2026 rate cut forecast entirely, and you have a textbook riskoff meat grinder. So XRP didn't break because of its own fundamentals. The entire risk environment turned at once.

Now, the market moves fast, and keeping up with both crypto and the wider macro picture is a full-time job. So, if that sounds daunting or you simply don't have 16 hours a day to sit glued to a screen, we've made it a lot easier. Right here on YouTube, you can now access the new Coinbureau Club light plan. For just $10 a month, you'll get daily market updates across both crypto and trades and curated updates with only the bits that actually matter.

Just tap the join button below this video to get started. Right, with that, let's get back to it. Now, you might assume that with XRP's price collapsing like this, the smart money would be heading for the exits. However, the onchain data tells a very different story. The number of wallets holding 10,000 or more XRP has just hit an all-time high of 332,230. That cohort has grown consistently since June 2024 and kept growing straight through this entire draw down.

The millionaire tier while it's holding over a million XRP added 42 new addresses since January and hoovered up 1.2 billion tokens in the first quarter alone, the heaviest quarterly accumulation since 2023. And the mega whales, the wallets holding 10 million plus, now control roughly 45.83 billion tokens, 68.5% of the circulating supply and the highest whale concentration since May 2018. On top of that, 91.4% of recent exchange outflows are coming from large holders moving coins into private custody. and over 25 million XRP got pulled off exchanges the moment price touched $19.

Instead of panicking, the whales appear to be doubling down, which brings us directly to the question, why? Why are the biggest holders buying into a chart this ugly? Well, to answer that, we need to look at what Ripple, the company, has actually been doing, which is where the asymmetry between the price of XRP and the business behind it becomes clear. Let's start with the bank. In December 2025, the OC granted Ripple conditional approval for a national trust bank.

And on the 1st of April 2026, the final rule activating its permissible activities took effect. Now, this is not a full commercial bank with checking accounts and deposits, etc. It's a national trust charter, a specialized federal license for custody and fiduciary services with direct oversight of Ripple's RLUSD stablecoin. But make no mistake, a federally chartered trust bank is still a serious regulatory milestone for a company the SEC was suing the pants off not that long ago.

Ripple is also pursuing a Federal Reserve master account which would plug it directly into Fed Wire and Fed Now, the backbone of dollar clearing. That one is a pursuit, not a done deal, though. The Fed has paused these decisions until the end of 2026, FYI. But the precedent exists because Kraken secured a master account back in March. Then there's RLUSD itself. Ripple stablecoin has grown to a market cap near $1.7 billion, making it the eighth largest stable coin on the planet, and it's now live across more than 40 networks.

And on the 3rd of June, Mastercard added RLUSD to its 24/7 onchain settlement network alongside USDC and PYUSD. But perhaps the most concrete proof point is this. In May, Ripple, JP Morgan's Kexus, Mastercard, and Onondo Finance executed a crossborder redemption of a tokenized US Treasury fund on the XRP ledger that settled in under 5 seconds. That is the exact use case bulls have promised for years, finally happening with names like JP Morgan and BlackRock in the room through the DTCC's tokenization working group.

And then on the 10th of June, Mastercard launched its agent pay for machines framework, payments executed autonomously by AI agents with Ripple named as a launch partner. Which brings us to the ledger itself because the technology is moving just as fast as the corporate deals. On the 15th of June, the XRP ledger upgrades to version 3.2.0. And buried in that release is a change that is far more symbolic than it sounds.

The core server software is being renamed from Rippled to XRPLD. Put simply, the ledger is formally cutting the cord with Ripple, the company. This proves the blockchain is independent community-run infrastructure rather than one corporation's product. The upgrade also slashes server memory usage by 30 to 40%, lowering the bar for independent node operators. And then there's the XLS66 lending protocol which enables fixedterm loans directly on the ledger.

Although this isn't live yet, it's in formal security verification before mainet. There's also X42, an open standard letting AI agents pay for services with XRP and RLUSD without a human anywhere in the loop, shipped inside the new XRPPL AI starter kit on the 10th of June. And the activity numbers back it up. Tokenized real world assets on the XRPPL have grown to roughly $3.5 billion, up from under a billion at the start of the year.

Meanwhile, daily transactions averaged 2.48 48 million in Q1, up 35% quarteron quarter, and active addresses hit an all-time high of around 8.35 million. David Schwarz, the ledger's original architect, has been framing all of this as the XRPL evolving from a fast payment rail into a full settlement and issuance layer for tokenized stocks, money market funds, and loans. So that's the bull case and there is a lot to be excited about if distributed ledger technology and tokenized stock issuance are what gets your heart racing that is.

But let's now look at the catalyst that actually decides everything. Regulation. XRP's existential threat. The SEC case against Ripple is finally and fully behind it. Both parties filed a joint dismissal of their appeals in August 2025 with the final judgment confirming XRP is not a security when sold on pu

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