XRP Rises 13% in 24 Hours to $1.28, Millionaire Wallets Control 74.1% of Supply

According to Santiment, XRP climbed about 13% in 24 hours on June 16, briefly reclaiming the $1.28 level as market sentiment improved and traders returned to risk assets. The recovery followed a pullback toward $1.05 and came as the broader crypto market bounced after the U.S.-Iran conflict reached resolution. Analyst EGRAG Crypto noted XRP held the $1.19 support zone before advancing to $1.2996 intraday. At reporting time, XRP traded over 4% higher at $1.23 after retreating from its peak.

Santiment data shows wallets holding at least 1 million XRP now control 74.1% of circulating supply, equivalent to approximately 45.98 billion tokens. These large holders accumulated about 1.53 billion XRP over the past six months, continuing to build positions even during periods of price weakness and weak sentiment.