XRP may still look stuck on the charts, but bigger holders clearly haven’t stopped accumulating. According to on-chain data shared by Santiment, the XRP Ledger has now reached an all-time high of 332,230 wallets holding at least 10,000 XRP.Advertisement

The findings show that it has been steadily growing since June 2024, even through all the sideways price action and volatility this year. Though the numbers aren’t great, out of more than 7.7 million activated XRP addresses, wallets holding 10,000 XRP or more are considered part of a pretty exclusive bracket. Based on XRP rich list data, that amount puts a holder roughly in the top 5% globally.

Santiment says this kind of wallet growth usually points to long-term conviction rather than short-term trading. In simple terms, larger holders seem more interested in positioning early instead of waiting for hype and momentum later.

But here’s the catch: the accumulation keeps growing even though XRP is still trading below previous highs. Instead of chasing breakouts, many holders appear more comfortable buying during uncertainty.

ETF Exposure Keeps Expanding

On the other hand, big firms are showing interest in XRP products. According to Whale Insider, ETF clients recently bought another $5.31 million worth of XRP, pushing total XRP ETF-held assets to around $1.44 billion. While Bitcoin and ETH ETFs saw a routine outflow in comparison, XRP stayed positive on the trend.

That’s adding to the idea that institutions are still quietly building exposure even while retail traders grow frustrated with XRP’s slow movement.

February Panic Didn’t Last

Santiment also highlighted that more than 4,500 large XRP wallets disappeared between February 6 and 8 earlier this year.

However, the firm says that the drop was likely tied to the broader crypto market liquidation event on February 5 rather than anything directly related to XRP itself.

Since then, the number of large wallets has fully recovered and pushed to fresh all-time highs again.

XRP Still Needs a Breakout

Moving on to XRP, price action remains stuck inside a tight consolidation range along with much of the crypto market.

Macro analyst Neel said XRP still needs a clean break above the $1.60 level before any meaningful short-term rally can begin. According to him, a move above $2.00 would likely trigger stronger momentum and shift sentiment more aggressively bullish again.

For now, though, many traders across crypto social media remain frustrated with XRP’s sideways movement even as accumulation quietly continues in the background.