XRP Holds Near $1.25 as 233 Million Tokens Stay at Risk

That matters because crypto prices are especially sensitive to sudden changes in available float. A holder sitting on 233 million XRP represents a potential supply shock large enough to worsen an already defensive tape, particularly when trading volume is thin compared with the spikes seen during earlier selloffs. XRP’s latest volumes, just above 1 billion tokens a day, are far below the more than 11 billion traded during the February washout, suggesting liquidity could be tested if stolen coins hit the market.

The broader backdrop is mixed. XRP has found some support from optimism around Ripple’s business development and regulatory progress, but that has not been enough to offset the market’s concern that hacked coins could re-enter circulation at any time. For holders, the risk is less about a theoretical headline and more about a sudden transfer from dormant supply to active selling, which would likely hit spot prices first and derivatives positioning after.

Bitcoin’s softer tone adds to the caution. BTC is trading around $77,746, below its 50-day average of about $81,934, indicating that the wider crypto market is not offering much risk-on support. BNB, meanwhile, has also weakened sharply, underscoring that investors are still de-risking across digital assets rather than rotating into altcoins.

For XRP investors, the key question is whether the stolen tokens remain immobilized or become a new source of supply. If they stay parked, the market can continue to trade the issue as an overhang. If they move, XRP could be vulnerable to another leg lower, especially given its stretched technical backdrop and limited momentum.