{"id":28673,"date":"2026-04-27T09:36:11","date_gmt":"2026-04-27T08:36:11","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=28673"},"modified":"2026-04-27T09:36:13","modified_gmt":"2026-04-27T08:36:13","slug":"xrp-token-control","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/xrp-token-control\/","title":{"rendered":"On-Chain analysis: Who truly controls XRP tokens?"},"content":{"rendered":"\n

XRP: Retail holds the price, but Bitcoin calls the shots<\/h2>\n\n\n\n

There is a structural paradox at the heart of the XRP<\/a> market in early 2026 that few analysts take the time to honestly dissect. On one hand, millions of retail investors refuse to sell, creating a remarkably solid price floor<\/strong>, while spot ETFs accumulate relentlessly and the regulatory agenda thickens week by week. On the other hand, the token is stagnating at $1.43<\/strong>, sitting 64% below its $3.65 ATH<\/strong> reached in July 2025, following its worst quarter in eight years.

For investors looking to understand cryptocurrencies beyond community narratives, this contradiction deserves a rigorous breakdown. On chain data from April 2026 paints a precise picture of XRP distribution. Between 50% and 55%<\/strong> of the supply is held by retail investors in self custody or on exchanges, compared to just 1% to 2%<\/strong> for institutions and ETFs. Meanwhile, market makers<\/strong> control 60% to 70%<\/strong> of daily price movements. Retail conviction, driven by 7 to 8 million wallets<\/strong> whose owners refuse to sell, reportedly supports between 40% and 60%<\/strong> of the effective XRP price floor.<\/p>\n\n\n\n

However, this reasoning has its limits, as highlighted by lawyer Bill Morgan<\/strong>. Ripple remains the largest individual seller of XRP, offloading hundreds of millions of tokens every month without causing lasting downward pressure. According to Morgan, this proves that supply dynamics do not govern the price, Bitcoin does. “The predominant explanatory factor remains the price movement of Bitcoin.”<\/p>\n\n\n\n

This nuance is fundamental for anyone looking to invest in cryptocurrency with a realistic read on market dynamics. Holder conviction is not negligible, but it is not the primary price driver.<\/p>\n\n\n\n

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How much of XRP\u2019s price right now is actually supported by retail conviction?

When you break it down, XRP is in a very specific phase. ~15\u201320% of supply still sits on exchanges (largely retail deposits), ETFs are only ~1% of supply and skew heavily non-institutional, and there\u2026
pic.twitter.com\/9QdvpxIAqp<\/a><\/p>— MC Solar Wind \ud83c\udff4\u200d\u2620\ufe0f (@MCSolarWind) April 26, 2026<\/a><\/blockquote>