XRP, the digital asset behind Ripple, is under close watch as the number of large-holder wallets continues to climb, even as the token’s price faces ongoing pressure. Data from on-chain analytics provider Santiment showed that wallets containing at least 10,000 XRP increased by 16,815 in the past nine months, reaching a total of approximately 343,500. This marks an expansion of 5.15% despite a sustained market downturn for the asset.
Large wallets grow as price declines
The increase in large wallets coincides with a notable decline in XRP’s price. Over the previous seven weeks, XRP has dropped about 30% and is now approaching the psychological $1.05 area. This development has caught the attention of market observers, as accumulating activity among large holders stands in contrast to falling prices and broader market unease.
Santiment specified that the surge in wallets may reflect accumulation by major participants, yet stopped short of confirming net new buying. The movement of tokens between wallets or distribution across multiple addresses can also impact these figures, making it difficult to draw direct conclusions about fresh investment.
Still, the divergence between declining prices and increasing large-wallet numbers is considered an important metric for assessing shifts in market sentiment. Some analysts suggest that larger holders, often referred to as “whales,” may be leveraging the current downturn as a potential accumulation opportunity, whereas retail traders often react more cautiously during such phases.
Santiment’s data also shows that large-holder growth has continued while smaller investors reportedly hesitate amid increased volatility. Market participants now see the $1.00 area as a pivotal support, as steady growth in sizeable wallets near this level could provide a foundation for price recovery.
| Indicator | Previous | Current | Change | Timeframe |
|---|---|---|---|---|
| XRP wallets (≥10,000 XRP) | ~326,685 | ~343,500 | +16,815 (+5.15%) | 9 months |
| XRP price decline | — | -30% | 7 weeks |
Santiment highlighted that wallets with at least 10,000 XRP have continued expanding, even as smaller investors grow more uncertain, indicating a potential divergence in market strategy between larger holders and retail participants.
Technical analysis: Double-bottom watch and support zones
Crypto analyst EGRAG CRYPTO pointed out a possible double-bottom pattern forming on XRP’s daily chart. According to EGRAG, the price is testing a fair value gap (FVG) between $1.00 and $1.05, with a partial fill of this range potentially setting the stage for a reversal.
The analyst observed that recent smaller daily candlesticks may signal fading selling pressure—a sign that sellers could be losing momentum. In technical analysis, such formations are often viewed as preliminary signs of reversal, although confirmation awaits further price action.
If XRP manages to remain above $1.00, EGRAG presented an outlook where the asset could initially rebound toward $1.20–$1.25, possibly retesting support before targeting higher levels at $1.385, $1.51, and even $2.00, should a breakthrough above the neckline occur.
EGRAG CRYPTO indicated that the double-bottom scenario remains conditional: the reversal will not be confirmed until XRP closes decisively above resistance, and traders should treat higher targets as provisional until that technical signal is given.
Failure to hold the $1.00 mark, combined with a reduction in large-holder wallet numbers, could undermine the bullish case. On the other hand, continued wallet growth—particularly at current price levels—would strengthen the argument for a potential price recovery.
The focus remains on both technical support and wallet accumulation trends as XRP’s immediate future hinges on the $1.00 psychological threshold and the participation of larger market players.
Ripple, the company behind XRP, offers blockchain-based payment solutions designed to facilitate fast and cost-effective cross-border transactions in comparison to legacy banking systems.
Mini dictionary: Fair Value Gap (FVG), a technical analysis concept referring to a price range on a chart where relatively little trading has taken place, often following a sharp move. Filling a fair value gap can sometimes signal a potential reversal or stabilization in price action.
Outlook: Key zones to watch
XRP’s next price moves are likely to be shaped by developments around the $1.00–$1.05 area. Market participants will monitor whether the large-holder wallet count continues rising and if technical signals confirm a reversal pattern.
A sustained move above $1.10–$1.15 may require a bounce from current levels and confirmation of the double bottom. However, the bullish narrative would weaken if support fails and wallet accumulation reverses.
While current data reveals a disconnect between investor accumulation and price movement, the coming sessions will test the resilience of both the psychological support and the emerging chart patterns.
