TL;DR
- XRP wallets holding at least 10,000 tokens climbed to a record 332,230 addresses, signaling continued accumulation despite recent price weakness.
- On-chain activity suggests larger holders remain active even after Februaryās broader crypto market sell-off.
- While XRP still trades below previous highs near $1.45, investors continue monitoring support and resistance zones as confidence in the asset and the XRP Ledger ecosystem remains strong.
XRP is drawing renewed attention after on-chain data revealed a continued rise in large holders across the XRP Ledger. The number of wallets holding at least 10,000 XRP has now reached 332,230, marking the highest level ever recorded for the network.
š³ According to our on-chain data, XRP Ledger now has reached an all-time high of 332,230 wallets holding at least 10K $XRP. This extends a consistent growth trend that has been building since June, 2024. The continued rise in XRP Ledger wallets holding at least 10,000 XRP is anā¦ pic.twitter.com/bd68Os2mJR
— Santiment Intelligence (@SantimentData) May 12, 2026
The trend is notable because accumulation has continued even while XRP trades below earlier cycle highs. Analysts frequently monitor this category of wallets to measure positioning among long-term investors, active traders, and larger market participants. The latest figures also reflect ongoing interest in XRP as institutional adoption of blockchain-based payment systems expands globally.
XRP Wallet Growth Continues Despite Market Volatility
Blockchain data shows the number of large XRP wallets has steadily increased since mid-2024. The growth continued through several market corrections and periods of softer momentum across the digital asset sector.
During early February, the number of wallets holding at least 10,000 XRP briefly dropped by more than 4,500 addresses amid a wider crypto liquidation event. Multiple digital assets recorded sharp declines as traders reduced exposure during heightened volatility.
The decline, however, proved short-lived. Wallet activity quickly rebounded and later surpassed previous highs, suggesting larger holders resumed accumulation after the market stabilized. The recovery reinforced the view that many investors considered the pullback a buying opportunity rather than a reason to exit positions.
The XRP Ledger has also maintained strong network activity in recent months thanks to low transaction costs and fast settlement speeds. Ripple continues expanding its payment-focused partnerships, helping XRP remain part of broader discussions surrounding blockchain infrastructure and cross-border finance.
XRP Price Action Remains Below Previous Highs
Despite rising accumulation levels, XRP price action has remained relatively subdued compared with several other major cryptocurrencies. XRP currently trades near $1.45 after spending much of 2026 below key resistance levels.
Technical charts continue showing strong support between $1.29 and $1.35, a range buyers defended multiple times since February. On the upside, traders are closely watching resistance near $1.55 and $1.62, while a stronger bullish continuation would likely require a sustained move above $1.78.
The divergence between rising wallet accumulation and weaker market performance has become one of the most closely followed developments surrounding XRP. Historically, extended periods of whale accumulation have often preceded stronger price momentum once broader market sentiment improves.
