XRP (XRP) Ledger wallets holding 10,000 or more tokens have climbed to a record 332,230, signaling that larger holders are accumulating despite muted price action.
XRP Ledger Holder Count Hits Record
On-chain analytics firm Santiment reported on May 12 that the wallet cohort holding at least 10,000 XRP reached an all-time high of 332,230 addresses.
The figure caps a steady accumulation trend dating back to June 2024.
XRP has spent much of 2026 trading well below previous peaks, yet large holders have kept adding rather than trimming exposure. The token currently changes hands around $1.45, roughly 60% under its July 2025 cycle high of $3.65.
The trajectory has not been linear.
Between Feb. 6 and Feb. 8, more than 4,500 wallets in the 10,000-plus XRP tier vanished during a broader market washout that saw Bitcoin (BTC) tumble 12.6% on Feb. 5 to $63,500, its weakest print since October 2024.
The cohort rebuilt through late February and has trended higher since.
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Whale Accumulation Meets ETF Demand
Analysts at Santiment said rising mid-to-large wallet counts typically point to stronger conviction among investors focused on long-term positioning rather than short-term swings.
The firm noted that holders are absorbing supply during fear rather than chasing momentum.
Institutional flows tell a similar story.
The five U.S.-listed spot XRP exchange-traded funds pulled in $25.8 million in net inflows on May 11, the strongest daily haul since Jan. 5, when the products drew $46 million during their first trading week, per SoSoValue data. Franklin Templeton's XRPZ led with roughly $13.6 million.
Cumulative ETF inflows now sit near $1.35 billion. Bitwise, Franklin, and Grayscale accounted for the full May 11 print, while two other issuers posted flat flows that day.
XRP Price Faces Resistance Near $1.54
On-chain buying does not always translate into immediate price gains, and XRP still has technical work ahead. Bulls need a sustained move out of the $1.40 to $1.50 corridor before any breakout claim holds.
The first key level sits at $1.52, with a firmer ceiling at $1.54. A daily close above $1.54 would validate a short-term bullish structure, while a close above $1.60 would confirm a larger breakout.
XRP has traced a wide path through 2026, briefly touching $2.41 in early January before sliding to roughly $1.11 in February.
The token has since rebuilt above $1.40, helped recently by the Senate Banking Committee's 15-9 vote to advance the CLARITY Act, which now heads to the full Senate.
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