Russia's Moscow Exchange Boosts XRP Accessibility and Appeal

The Moscow Exchange in Russia has taken a significant step in increasing the accessibility and appeal of XRP to Russian investors. On May 13, it launched an official XRP index, which provides a real-time price benchmark for the cryptocurrency. The following day, it introduced ruble-settled XRP futures contracts, allowing qualified investors to buy and trade XRP without leaving the Russian financial system.

According to on-chain data, this move has led to increased accumulation of XRP by long-term holders and institutional investors. As of mid-May, 332,230 wallets held at least 10,000 XRP, an all-time high for that tier. Whales holding 10 million or more tokens now control around 68.5% of the circulating supply, the highest concentration since 2018.

Despite XRP's price being roughly 64% below its peak from July 2025, big holders have continued to add to their positions. Whale wallets have seen significant growth in recent weeks, with over 71 million tokens added in the past week alone. Institutional flows into XRP ETFs have also accelerated, with cumulative net inflows reaching $1.41 billion since launching last November.