Data from Santiment reveals a record number of XRP wallets now hold at least 10,000 XRP tokens. Interestingly, this is happening while XRP’s price remains significantly down – about 60% below its peak. This disconnect between the number of holders and the price suggests larger investors might be accumulating XRP in anticipation of a future price increase. It begs the question: are they preparing for a rally?
XRP Ledger Hits Record High In 10,000+ XRP Wallets
Throughout 2026, XRP has struggled to build significant upward price movement. However, activity on the XRP network suggests a different trend than what the price indicates. Instead of selling, many large XRP holders are actually increasing their holdings.
According to data from Santiment, an on-chain analytics platform, a record number of XRP wallets – 332,230 – now hold at least 10,000 XRP. Santiment points out that this represents consistent growth since June 2024, even with the price fluctuations XRP has experienced throughout the crypto market.
According to data from Santiment, the number of XRP wallets holding over 10,000 coins has been steadily increasing from late 2025 through May 2026. This upward trend faced a significant challenge in early February.
During a significant crypto market downturn between February 6th and 8th, 2026, more than 4,500 XRP wallets holding over 10,000 XRP each became inactive. This happened as Bitcoin‘s price dropped 12.6% on February 5th, falling to $63,500 – a level not seen since October 2024. The overall crypto market experienced substantial losses, with over $1 billion in liquidations.
After a dip, the number of XRP wallets started to increase again in mid-February and has continued to rise. Currently, there are more large XRP holders than ever before – a new record of 332,230 addresses – surpassing the previous high set in January.
Will The XRP Price Follow The Holder Growth?
The big question is whether the recent increase in XRP wallet holders will lead to a price increase. According to Santiment, the growing number of larger wallets indicates that investors are becoming more confident and are focused on holding XRP for the long term, rather than just trying to profit from short-term price changes. Essentially, many XRP traders are optimistic about the price of XRP in the future.
As a researcher, I’ve been tracking capital flows into XRP, and the data is quite interesting. On May 11th, the five US-listed spot XRP ETFs collectively saw $25.8 million in net inflows – the biggest single-day increase since their launch. For context, they initially brought in $46 million during their first week of trading back in January, according to data from SoSoValue. This suggests continued and growing investor interest in XRP.
Just because more XRP is being held on the blockchain doesn’t guarantee the price will go up right away. The price chart still needs to show stronger signs of buying interest. A good first step would be a clear breakout above the current trading range between $1.40 and $1.50.
Currently, the key price levels to watch are around $1.52 and $1.54. If the price closes above $1.54 at the end of the day, it suggests a potential upward trend in the short term. A close above $1.60 would confirm a more significant and lasting upward trend.
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2026-05-15 14:28