XRP Whales Hit Record as Ripple’s CEO Battles JPMorgan Over Digital Asset Rules
14.06.2026 - 13:37:33 | boerse-global.de
Brad Garlinghouse took his fight with Jamie Dimon public on June 12, accusing the JPMorgan boss of misrepresenting a key piece of crypto legislation. The Ripple chief’s broadside came as XRP trades near its 52-week low — and as data reveals a record number of deep-pocketed investors are accumulating the token regardless.
Addressing Fox Business, Garlinghouse claimed Dimon was knowingly distorting the Digital Asset Market Clarity Act (H.R. 3633) to protect JPMorgan’s payment business, which generates roughly $20 billion in annual revenue and over $5 billion in profit. The bill aims to split oversight of digital assets clearly between the SEC and CFTC. For XRP, passage could mean classification as a “digital commodity” — ending years of regulatory limbo. The White House is targeting a July 4 enactment, while prediction markets peg the probability of a signing this year at 47% to 59%.
Yet the legislation carries a potential sting for Ripple itself. Under its terms, no single entity may control more than 20% of a token’s total supply. Ripple’s own XRP holdings, including those locked in escrow, currently blow past that threshold. If the act becomes law, the company would have twelve months to pare down its stake.
XRP itself is stuck at around $1.14 — down roughly 20% over the past month and miles from its all-time high of $3.65. The relative strength index sits at 35.8, deep in oversold territory. But the price weakness has done little to deter heavy hitters. The number of wallets holding at least 10,000 XRP has climbed to an all-time high of about 332,000, suggesting large investors are treating the dip as a buying opportunity.
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Institutional money is following the same playbook. US spot ETFs for XRP have now logged six consecutive weeks of net inflows, with total cumulative subscriptions reaching roughly $1.44 billion since the products launched in November 2025. On June 12 alone, the funds pulled in another $2 million. The contrast with the broader crypto market is stark: bitcoin and ether ETFs are bleeding capital, while XRP is drawing selective support.
Beyond the pricing and regulation drama, Ripple is pushing ahead with network expansion. On June 10 it released the XRPL AI Starter Kit, a toolkit that lets autonomous AI agents conduct payments directly on the XRP Ledger using the x402 protocol. Transactions — which can settle in three to five seconds — are denominated in XRP or the native stablecoin RLUSD. Mastercard has signed on as a launch partner for what it calls “Agent Pay for Machines,” covering digital purchases such as API access and cloud storage.
The ecosystem is also gaining stablecoin depth. The Mexican crypto exchange Bitso has teamed up with Ripple to integrate its peso-backed stablecoin MXNB onto the XRPL, targeting faster settlement along the US-Mexico payment corridor. Total stablecoin supply on the XRP Ledger has jumped 22% to $762 million, pushing the blockchain into the top 15 stablecoin networks by volume.
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A major technical upgrade is due on June 15. The update is expected to cut node storage requirements by up to 40%, a crucial efficiency gain for the high-frequency, machine-to-machine transactions the AI toolkit promises to enable.
For now, XRP’s price is caught between a regulatory crossfire and a wave of adoption. The CLARITY Act could unlock long-term clarity — or force Ripple to unload a large chunk of its own stash. Either way, the whales and institutions are betting that the bottom is in.
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