On-chain data shows large XRP holders doubling down even as the token lags price-wise. Santiment’s latest analytics reveal a new record: 332,230 XRP Ledger wallets now hold at least 10,000 XRP. That milestone is striking because XRP is still trading roughly 60% below its all-time high — highlighting a growing disconnect between holder behavior and the market price. The big question: are larger holders quietly positioning for the next leg up? What the on-chain picture shows - Santiment says the cohort of 10,000+ XRP addresses has grown steadily since June 2024 and climbed almost continuously from late 2025 into May 2026. - The trend weathered a sharp test in early February: between Feb 6–8, 2026, more than 4,500 wallets in that bracket disappeared amid a broad crypto selloff. Bitcoin fell 12.6% on Feb 5 to $63,500 (its lowest since Oct 2024) as the market suffered heavy losses and over $1 billion in liquidations. - The tally recovered in the second half of February and has since pushed past January’s peak to reach the current all-time high. What it could mean for price Santiment interprets the rise in mid-to-large wallets as increasing conviction among holders who appear less focused on short-term swings and more on long-term positioning. In other words, accumulation by bigger addresses may reflect bullish expectations even while the market remains muted. Supporting flows Capital flows into spot ETF products add another data point: the five US-listed spot XRP ETFs recorded a combined $25.8 million of net inflows on May 11 — their biggest single-day haul since Jan. 5 (when they pulled in $46 million during their first week of trading), per SoSoValue. Caveats — accumulation is not an instant rally On-chain accumulation doesn’t automatically translate into immediate upward price action. For market structure to shift, buyers must turn that accumulation into visible bullish pressure. Key technical thresholds to watch: - Short-term breakout validation: daily close above $1.54 - Larger-timeframe confirmation: daily close above $1.60 A sustained move away from the current $1.40–$1.50 range would be the clearest signal that holder accumulation is spilling into price. Bottom line Large XRP holders are increasing exposure, and ETF flows suggest fresh capital is coming in — but whether that institutional and on-chain conviction catalyzes a durable price recovery remains to be seen. Watch wallet growth alongside liquidity and price action around the $1.52–$1.60 band for the next directional clues.
332,230 XRP Wallets Hold 10K+ Tokens as Whales Accumulate Despite Price Lag
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Summary
On-chain data reveals 332,230 XRP wallets now hold 10,000+ tokens, a record high. The rise in large holders has occurred as XRP trades about 60% below its peak. On-chain analysis shows the trend has grown since June 2024 and survived a sharp selloff in early February 2026. Wallets rebounded in late February and hit a new high. XRP ETFs saw $25.8 million in net inflows on May 11, the largest since January 5.
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