CoinMeta data: Wallets holding at least 10 million XRP coins in total possess approximately 46.87 billion XRP coins, accounting for 68.5% of the total supply, setting a new high since November 2022. Despite the pressure on the price of XRP around $1.29, large holders continue to increase their holdings. $1.30 is a key short-term price level for XRP, and $1.50 is an important confirmation level. If the price remains above $1.20 and the holdings of whales remain high, there is a logic for further increases in holdings. If XRP reclaims the $1.50 level and whale holdings continue to grow, the expectation for a rebound is strengthened.