ME News, October 28 (UTC+8) — According to Santiment, wallets holding at least 10 million XRP currently control a total of 46.87 billion tokens, or about 68.5% of XRP’s total supply, the highest share for this group since November 2022. The key signal is that these large holders continue to increase their exposure even as XRP struggles around $1.29, indicating that conviction remains strong beneath the price action. If retail investors continue to capitulate, this would create a more bullish setup. Santiment considers $1.30 a near-term pivot and $1.50 a stronger confirmation level. If the price stays above $1.20 and whale balances remain near record levels, the accumulation thesis will remain intact. Reclaiming $1.50 while whale holdings continue to grow would significantly strengthen the case for a broader recovery in XRP.

The U.S. Office of the Comptroller of the Currency (OCC) has granted Ripple National Trust Bank final approval for its charter, bringing Ripple under federal supervision and allowing it to manage RLUSD stablecoin reserves and provide institutional-grade crypto-asset custody services. Nevertheless, XRP was trading at around $1.30 on Oct. 28, down about 16% from its October high of $1.56. OCC Grants Final Approval to Ripple National Trust Bank: RLUSD Reserve Oversight and Institutional Crypto Asse