- Over 520 million XRP are now locked in corporate treasuries, effectively removing a large supply chunk from active circulation.
- This structured accumulation is tightening available float, boosting institutional confidence, and raising the risk of a future supply shock.
- Price remains range-bound despite bullish on-chain signals, creating a growing divergence that analysts believe won’t last indefinitely.
A fresh on-chain update from crypto analyst ChartNerd is drawing attention to a major shift in XRP’s circulating supply, as more than 520 million tokens are now reportedly locked away in corporate and institutional treasuries. The development is being viewed as a quietly bullish signal that could strengthen XRP’s long-term price structure and set the stage for a future supply shock.
ChartNerd: Over 520 Million XRP Now Held in Treasuries
According to ChartNerd, more than 520 million XRP tokens have effectively been removed from active market circulation and are now being held in treasury reserves.
He revealed that XRPN (Evernorth) alone controls approximately 473.29 million XRP, making it the single largest known treasury holder. In addition, sustainable energy firm VivoPower is holding around 47.6 million XRP. VivoPower is notable for sourcing Ripple Labs equity, adding another layer of institutional linkage to XRP’s expanding corporate footprint.
Together, these holdings account for over 520 million XRP that are no longer freely trading on the open market.
Also Read: XRP Faces Decline as Death Cross Emerges Despite Increased Trading Volume
📣 Over 520 million $XRP are held in treasuries — XRPN (Evernorth) leads with 473.29M XRP, followed by sustainable energy company VivoPower, who source Ripple Labs equity and sit with 47.6M XRP 🔥
This contributes to price stability and institutional confidence by providing… pic.twitter.com/eBNGUcZhOt
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) January 19, 2026
Predictable Supply Management Boosts Institutional Confidence
ChartNerd argued that this growing concentration of XRP in treasuries contributes directly to price stability and institutional confidence. By placing large blocks of XRP into long-term reserves, these entities are helping create a more predictable supply environment.
This reduces sudden liquidity shocks and weak-hand selling pressure, two factors that often amplify volatility in crypto markets. He noted that this type of structured accumulation mirrors behavior typically seen in more mature asset classes, where large holders prioritize long-term positioning over short-term speculation.
Institutional Demand Could Create a Supply Shock
Beyond the current treasury holdings, ChartNerd emphasized that institutional demand for XRP is still rising. He warned that as more corporate buyers and funds accumulate XRP, the available float could shrink further. This tightening supply dynamic, combined with steady or increasing demand, could eventually trigger a classic supply shock scenario.
Importantly, he added that this outlook does not even factor in the potential impact of XRP ETFs, which could rapidly absorb additional circulating supply if approved or launched at scale.
Despite these bullish on-chain developments, XRP’s market price has remained largely range-bound. ChartNerd pointed out the “odd divergence” between improving fundamentals and stagnant price action, noting that XRP has been locked inside a broad trading range for roughly a year.
In his view, this disconnect is unlikely to persist indefinitely. “The odd divergence between bullish on-chain developments and the price won’t last forever,” he said, suggesting that the market is quietly building pressure beneath the surface.
What This Means for XRP Going Forward
The removal of more than 520 million XRP from circulation marks a significant shift in the token’s supply dynamics. With major treasuries absorbing large amounts of XRP, rising institutional interest, and ETF-driven demand rising, ChartNerd believes the foundation is being laid for a powerful long-term move.
For now, XRP remains stuck in a year-long range. But beneath the surface, the market structure is changing in ways that could dramatically reshape XRP’s price behavior once compression finally resolves.
Also Read: Smart Trader Made $233,000 Trading XRP on Polymarket – Here’s How He Did It
