XRP Supply Shift: Weak Hands Drop From 2.29% to 0.57% in 3 Weeks, On-Chain Data Shows

⬤ XRP’s on-chain dynamics are telling an interesting story right now. According to HODL Waves data, the proportion of XRP supply held by weak hands collapsed from 2.29% to just 0.57% in three weeks. The sharp contraction in the 1d-1w cohort is clearly visible in the chart, confirming that short-term speculative holders have been steadily exiting their positions.

⬤ This lines up with earlier coverage of XRP trading beneath its realized price, a condition that historically pushes a large share of holders into unrealized loss territory. When that happens, speculative participants tend to cut their losses and leave - which is exactly the kind of supply redistribution the data currently reflects. As the short-term holder share shrinks, longer-duration cohorts make up a proportionally larger slice of supply, potentially reducing near-term sell pressure.

⬤ It’s worth remembering that surges in short-term XRP activity have previously preceded major volatility events. The flip side of that pattern is also relevant here: a steep drop in the 1d-1w segment can signal that speculative heat has cooled, which may contribute to more stable price behavior in the near term.

⬤ Technical analysts continue to watch key XRP support and resistance zones shaping range behavior, and the on-chain supply shift adds another layer to that picture. A drop in weak hands doesn’t guarantee any particular price direction, but it does signal a measurable change in who is holding XRP and how that might affect reactions to the next major market catalyst.