Large XRP holders accumulated about 1.54 billion tokens over roughly four days, valued at about $2.2 billion, as a short seller on Hyperliquid reduced its position by repurchasing 450,000 XRP. CoinShares reported holdings of 148.66 million XRP in a new SEC filing, up from 129.75 million in December, while Franklin Templeton clients bought about $1.5 million of the token. Trading activity also increased on South Korea's Upbit, where XRP recorded $183.8 million in daily volume and accounted for more than 10% of exchange trading. Ondo Finance launched its tokenized U.S. Treasury fund, OUSG, on XRP Ledger, using Ripple's RLUSD stablecoin for deposits and withdrawals. XRP now faces technical resistance between $1.49 and $1.54 after recovering from $1.27 following the U.S. Senate CLARITY Act setback.