XRP Whale Holdings Hit Eight-Year Peak as Senate Moves on Clarity Act — Yet Token Stays Glued to $1.20

XRP trades near $1.20 despite Société Générale stablecoin launch on XRPL, US Clarity Act progress, record ETF inflows, and whale accumulation hitting eight-year highs.

The disconnect between XRP's price action and its underlying fundamentals has rarely been starker. While the token trades near a 52-week low — hovering between $1.20 and $1.22 after shedding roughly 36% since the start of the year — a raft of bullish developments is quietly piling up behind the scenes. From a major European bank planting its stablecoin flag on the XRP Ledger to a key US regulatory bill advancing toward a Senate vote, the narrative is shifting even as the price tag stays stubbornly stuck.

Société Générale's digital asset arm, SG-FORGE, has expanded its euro-denominated stablecoin EURCV to the XRP Ledger, joining Ethereum, Stellar and Solana. The move taps into XRPL's blend of fast settlement, low transaction costs and efficient liquidity management — precisely the attributes that institutional payment providers demand. EURCV has carved out a leading position among euro stablecoins in a market still dominated by dollar-pegged assets, and the integration comes with the clarity Europe's MiCA regulation provides for stablecoin issuers and banks.

That same push for regulatory certainty is now picking up speed in Washington. The Clarity Act, which would classify XRP and similar tokens as digital commodities and shift oversight from the SEC to the CFTC, was officially added to the Senate calendar on June 1. The bill previously cleared the Senate Banking Committee on May 14 by a 15-to-9 vote. A positive final vote would open a clear compliance pathway for financial institutions — from Wall Street banks to cross-border payment firms — that have so far stayed on the sidelines due to legal ambiguity.

Institutional appetite for regulated XRP exposure is already surging. US spot XRP ETFs posted net inflows of $118 million in May, according to one dataset, while another provider calculated the figure at $132 million — both representing the strongest monthly performance since the products debuted in late 2025. Cumulative inflows now range between $1.4 billion and $1.43 billion. The steady accumulation suggests that while speculative capital has fled, large players are building positions through regulated vehicles.

Whale wallets are also signaling confidence. Holdings among the biggest XRP addresses have climbed to 45.83 billion tokens, an eight-year high. Ripple itself contributed to the circulating supply on June 1 by releasing its scheduled 1 billion XRP from escrow, though the bulk typically returns promptly to new lockup contracts. Meanwhile, on-chain activity across the XRP Ledger continues to expand: average daily transactions jumped 35% quarter-over-quarter to 2.48 million in Q1 2026, the market for tokenized real-world assets grew 124% to $2.25 billion, and Ripple's own dollar stablecoin RLUSD saw its market cap rise 45% to $340 million, making it the largest stablecoin on the network.

Technically, XRP looks stretched. The token is trading roughly 26% below its 200-day moving average and just above the 52-week low of $1.14. The relative strength index registered 27 in one reading and 27.5 in another, firmly in oversold territory. A break below the psychological $1.30 level triggered forced liquidations of around $30 million, adding to short-term selling pressure. Still, XRP has shown relative resilience compared with Bitcoin and Ethereum during the broader crypto downturn, with the regulatory news flow acting as a buffer.

The Clarity Act vote in the Senate now looms as the clearest near-term catalyst. If the bill passes, the whale accumulation and ETF inflows may look prescient — but until then, XRP remains caught between institutional conviction and market reality.