On-chain data shows addresses holding large amounts of XRP have increased their positions to a 10-month high, a move that comes just days before a major conference for the XRPL ecosystem in Japan. The surge in accumulation suggests a bullish outlook from the token’s largest investors.

"The significant increase in whale holdings suggests strong conviction and could lead to reduced sell pressure," according to the initial analysis accompanying the data. This type of accumulation by large holders is often watched as a leading indicator for potential price momentum.

The data, compiled from on-chain trackers as of April 6, 2026, indicates that wallets identified as whales have been in a clear accumulation phase, the most aggressive in nearly a year. This occurs as the broader crypto market remains tentative, with Bitcoin trading sideways and Ethereum showing volatility around key technical levels. The increased XRP holdings stand out against this backdrop.

This week’s XRPL Japan event is now in sharp focus for market participants. Several Ripple executives are slated to speak, fueling speculation that major announcements could be made. A positive reception to any news from the conference could act as a direct catalyst, potentially reinforcing the bullish sentiment established by the recent whale activity and driving a rally in the XRP price.

This article is for informational purposes only and does not constitute investment advice.