XRP Holders Surge to New All-Time High: Is a Price Rally Next?

On-chain data reveals a significant divergence between XRP's market price and investor behavior, as the number of mid-to-large scale wallets hits a record milestone.

Record Growth in Wallet Activity

Despite XRP trading significantly below its historical peak, the XRP Ledger has reached a new all-time high in holder density. According to data from the analytics platform Santiment, the number of wallets holding at least 10,000 XRP has climbed to a record 332,230 addresses. This steady growth trend has been building since June 2024, signaling that larger investors are aggressively positioning themselves despite ongoing market volatility.

Resilience Against Market Sell-offs

The conviction of these "whale" and "shark" investors was notably tested in early February 2026. During a broader crypto market liquidations event where Bitcoin saw sharp declines, approximately 4,500 XRP wallets in the 10,000+ bracket briefly disappeared. However, this trend reversed almost immediately; the wallet count recovered in the latter half of the month and has remained on a consistent upward trajectory ever since, surpassing previous January peaks.

Turning Accumulation into Momentum

While on-chain accumulation suggests long-term investor confidence, market analysts note that this hasn't yet translated into bullish price pressure. For XRP to validate a true breakout, it needs to move decisively beyond the $1.40–$1.50 range. Experts are closely watching the $1.54 level for short-term validation, while a daily close above $1.60 is viewed as the necessary trigger for a sustained rally on larger timeframes.