XRP Price Barely Moves on Ripple OCC Approval as Whales Control 68.5% of Supply

XRP is trading in a tight $1.29 to $1.31 range, essentially flat over seven days and down more than 15% since the start of October. The muted price action came even after Ripple received OCC approval, with whales reportedly controlling 68.5% of supply. Traders may read the lack of reaction to a positive regulatory development as a sign of weak near-term demand and heavy concentration risk.