Large XRP wallets amassed roughly 2 billion tokens over the course of two distinct buying sprees in September, as reported by crypto commentator Austin Hilton. Based on on-chain data reviewed by Hilton, addresses holding a minimum of 500,000 XRP steadily expanded their positions across various price points.
Hilton analyzed the timing of these acquisitions alongside the actions of major XRP investors throughout phases of both market downturn and bounce-back. According to his analysis, whales kept purchasing tokens even while facing the prospect of further market drops.
The initial major wave of accumulation took place between September 16 and September 19. Over this roughly 96-hour window, whale addresses absorbed about 1.54 billion XRP, as noted by Hilton. During this timeframe, the price of XRP retreated to approximately $1.26, a dip that large investors capitalized on to grow their reserves.
He pointed out that various market participants, including Hilton himself, had talked about the chance that XRP might drop below the $1 mark. Even with that risk on the table, major wallets pressed forward with their purchases.
XRP Whales Exposed! pic.twitter.com/ipUcqZd5Ps
— Austin Hilton (@austinahilton) September 29, 2026
Whales Continued Buying as XRP Recovered
A second significant accumulation window was pinpointed by Hilton between September 21 and September 24. Across these five days, whale addresses took on an extra 470 million XRP.
The value of these specific acquisitions was pegged by Hilton at roughly $724 million. He observed that these wallets kept buying as the price of XRP moved upward from approximately $1.49 to $1.64.
This subsequent stretch provided Hilton with another instance of prominent holders boosting their XRP holdings after the market had already started climbing back up. He emphasized that whales did not restrict their buying to the earlier price drop near $1.26, but instead kept accumulating as the market recovered.
Altogether, Hilton calculated that these two distinct windows resulted in roughly 2 billion XRP being amassed by whales, amounting to nearly $3 billion based on the figures he outlined.
Nearly 4,200 Wallets Hold Billions of XRP
The wallets driving this movement were also evaluated by Hilton. He noted that nearly 4,200 addresses currently fit his criteria for an XRP whale wallet by maintaining a balance of at least 500,000 XRP each.
Combined, these addresses manage just under 52 billion XRP, according to Hilton’s figures. He stated that this total accounts for a little under 4% of the overall XRP supply.
In Hilton’s view, these addresses are likely to persist in accumulating XRP even if prices climb higher. He suggested that whales might maintain their buying pressure in the $2 to $2.50 range because their strategy relies on long-term financial planning rather than emotional reactions to short-term price fluctuations.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Hilton Discusses a Potential $10 XRP Price
Furthermore, Hilton looked into what XRP’s market capitalization would look like at a $10 price point. With XRP hovering near $1.59 during his breakdown, he calculated that reaching $10 would result in a market cap of roughly $695 billion.
He contextualized this number within the wider crypto landscape and touched upon the likelihood of fresh liquidity flowing into the industry over the months and year ahead.
Going forward, Hilton intends to keep monitoring whale behavior using on-chain data. He concluded by reiterating the persistent accumulation trend driven by large XRP wallet holders.