According to market observers, this week could mark a turning point for XRP as five spot ETFs trade at the same time for the first full week. 21Shares’ XRP fund (TOXR) launched today, joining Bitwise, Grayscale, Franklin Templeton and Canary Capital. Reports have disclosed that ETF inflows have already topped Over $660 million in less than a month, with zero outflows across 10 consecutive trading days.
Bitwise recently increased its XRP holdings to 80 million tokens. ETF managers now hold more than $687 million in assets, which represents just over 300 million XRP on record. 21Shares debuted with a $500,000 seed basket and charges a 0.50% management fee. Based on reports, competition among issuers will reveal how aggressively these funds plan to keep buying over the long term.
A price-path sensitivity simulation run by Mohamed Bangura was shared by analysts and taken up by commentators. The model used a baseline ETF demand of 74.5 million XRP per day, total exchange supply of 2.7 billion XRP, and an escrow release of 300 million XRP every 30 days.
Next week is a big milestone for XRP.
We will have the first full week of trading with 5 pure spot ETF’s running in competition.
It’s going to tell us ALOT by the end of week what we can expect for these funds acquiring XRP for the long term. https://t.co/S3TENqa4PP pic.twitter.com/LQ48QLKcgh
— Chad Steingraber (@ChadSteingraber) November 30, 2025

Elasticity values of 0.2, 0.5 and 1.0 were tested over 180 days. The outcomes showed that low elasticity can rapidly drain exchange-held supply, while higher elasticity can produce sharper price spikes as OTC liquidity absorbs flows. That result has many traders watching liquidity statistics closely.
Liquidity Pressure BuildsJake Claver, CEO of Digital Ascension Group, warned that private OTC and dark-pool channels may be running thin. He estimated that about 800 million XRP of private liquidity was absorbed in the first week of ETF accumulation.
Because much ETF buying happens off-exchange, price action has not yet matched the tightening supply, and markets may see more abrupt moves when funds are forced to source coins from public exchanges.
Whales Reshuffle BalancesMeanwhile, reports have disclosed changes among large holders. The top 10,000 wallets now hold 51.39 billion XRP, or about 85% of circulating supply. In one day, 78 new wallets took in 77.324 million XRP. One wallet reportedly collected 35 million XRP, another grabbed 3.63 million, and six wallets added 1.99 million each.
XRP RICH LIST SHOCKWAVE (11/29/2025)
Fresh data shows the top 10,000 wallets now control 51.39B+ XRP, and today’s ledger activity screams new whales + stealth accumulation. 78 new accounts grabbed 77M+ XRP in one day.
246 existing wallets increased balances by another… pic.twitter.com/wpXZMJUQpI
— XRP 🅧 Army | Chacha72kobe4er (@Mullen_Army) November 30, 2025

Up to 44 new wallets were reported to have amassed over 300 million XRP each, while 246 existing wallets increased their combined balance by 17.91 million XRP. Those moves point to quiet accumulation during recent market weakness.
What Comes NextAnalysts say the current setup is a test of liquidity more than a simple demand story. ETF holdings of roughly 300 million XRP are sizable but still small compared with potential daily demand if inflows stay high and additional funds launch.
If OTC channels dry up and ETFs must buy on exchanges, volatility could rise quickly. Traders and portfolio managers will be watching order books, OTC reports and ETF filings in the coming days to see how the supply picture changes in practice.
Featured image from Trading News, chart from TradingView