Reports are circulating that big financial players may be quietly buying XRP while the price sits near $2.18. If true, that could help explain why XRP hasn’t pushed past $3 even as trader interest grows. Some observers point to shrinking exchange wallets and limited disclosures as hints that accumulation is happening off-exchange.

Are Institutions Buying?

On-chain data shows Coinbase’s XRP stash fell sharply — from almost 1 billion tokens to about 32 million in September. Some analysts read that as coins being moved into private custody, possibly under NDAs.

Market commentator Dr. Jim Willie has suggested banks like Bank of America and BNY Mellon could be building positions quietly . He’s also picked up on recent remarks from BlackRock’s Larry Fink about an XRP ETF and taken them as

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