TLDR
- Goldman Sachs is the largest holder of spot XRP ETFs, with over $153 million in exposure — about 15% of all XRP ETF assets.
- XRP is trading around $1.38, stuck between support at $1.34 and resistance at $1.44.
- Daily transactions on the XRP Ledger hit 2.7 million, with $461 million in tokenized real-world assets on the network.
- XRP ETFs hold nearly $971 million in total assets, with 83 institutions holding exposure.
- A break above $1.44 could target $1.50, while a drop below $1.34 may push price toward $1.30–$1.32.
XRP is trading quietly around $1.38 as the market waits for its next move. The price has been rangebound for roughly a month, sitting between $1.34 and $1.44.
Despite the slow price action, two things stand out this week: rising on-chain activity and fresh data showing major Wall Street firms have taken large positions in spot XRP ETFs.
According to Bloomberg analyst James Seyffart, Goldman Sachs is the biggest institutional holder of spot XRP ETFs. The bank holds over $153 million in exposure, representing around 15% of the roughly $971 million held across all XRP ETF products.
Who are these buyers/holders? Well we only know a small portion of them because the vast majority don't file 13Fs. But here are the holders as of 12/31/2025 pic.twitter.com/ymIyy1mobx
— James Seyffart (@JSeyff) March 10, 2026
Other major firms have also taken positions. Millennium Management, the hedge fund run by Izzy Englander, holds $25 million in XRP ETF exposure. Citadel, run by Ken Griffin, holds over $4.5 million. Firms like Jane Street Group, Jain Global, and Gallagher Capital Management are also listed as holders. In total, 83 institutions hold exposure to these products.
Institutional Demand Grows, But ETF Inflows Slow
XRP ETFs have lost over $22 million in assets so far this month. That marks the first month of net outflows since the funds launched. They added $58 million in February.
Goldman Sachs also holds $2.3 billion across Bitcoin, Ethereum, Solana, and XRP funds combined, according to earlier reports.
Ripple CEO Brad Garlinghouse has stated the company plans a strong year ahead, with a focus on artificial intelligence and payments.
XRP Ledger Activity Climbs
On-chain data shows daily transaction counts on the XRP Ledger have reached approximately 2.7 million. The value of tokenized real-world assets on the network has reached around $461 million.
Transactions on the $XRP ledger are increasing.
In general, in a bear market, investors leave market and transactions decrease.
An increase in transactions is a pattern that before a rally.
The transaction count, which had been declining since December 2024, is now increasing… pic.twitter.com/g7jkYZQWA8
— CW (@CW8900) March 7, 2026
Trading volume in the spot market has dropped below recent averages. XRP briefly touched $1.44 during one session before sellers pushed it back down, reinforcing that level as short-term resistance.
The lower line of the $XRP ascending channel marks the starting point of the uptrend.
This decline has once again touched the lower line.
The subsequent uptrend will likely lead to the top of this cycle. The expected target is the middle line of the ascending channel. pic.twitter.com/wkBKB41V5m
— CW (@CW8900) March 5, 2026
The $1.34–$1.35 zone remains the key support level to watch. A double-bottom pattern has formed on the daily chart at around $1.3363, which some analysts see as a potential bullish setup.
If price holds above $1.3363, the next key resistance is at $1.6703, the neckline of the double-bottom pattern. A break below $1.34 could open a move toward $1.30–$1.32 or the year-to-date low of $1.12.
As of March 11, XRP is trading at approximately $1.38 with 83 institutions holding exposure to spot XRP ETF products.
