XRP Wallets Holding 10,000+ Tokens Reach Record 332,230 as Price Trails Prior Peak
On-chain data suggests large XRP holders are accumulating even as the token remains well below its historic high. Santiment reports that the number of XRP Ledger wallets holding at least 10,000 XRP has climbed to a new record of 332,230, while XRP's market price is still about 60% under its all-time high.
Santiment's figures show the build-up began in June 2024 and picked up pace from late 2025 through May 2026. The trend briefly reversed in early February: from Feb. 6 to Feb. 8, more than 4,500 wallets dropped out of the 10,000+ category during a broader selloff. The move followed Bitcoin's 12.6% slide on Feb. 5 to $63,500, its lowest level since October 2024, alongside more than $1 billion in crypto liquidations. Wallet counts recovered in the second half of February, moved above January's prior peak, and went on to set the latest record.
Santiment interprets the steady rise as a sign of increasing conviction among mid-to-large holders who appear to be positioning for longer-term upside rather than reacting to short-term volatility. Reinforcing the inflow narrative, SoSoValue data shows the five U.S.-listed spot XRP ETFs recorded $25.8 million in combined net inflows on May 11, the strongest single-day intake since the $46 million posted during the products' first trading week on Jan. 5.
Even so, accumulation alone does not guarantee an immediate price rally. For the on-chain trend to translate into sustained upside, demand must show up in market buying pressure.
Key technical levels remain in focus. XRP is trading around $1.40–$1.50. A daily close above $1.54 would signal a shorter-term bullish break, while a sustained close above $1.60 would confirm a breakout on a larger timeframe.
The takeaway: the growing number of 10,000+ XRP wallets and renewed ETF inflows point to stronger interest from larger players, but supply-side accumulation and visible market demand are not the same. Price action around the $1.52–$1.60 area in the coming weeks may determine whether this positioning evolves into a meaningful rally.
