XRP whale wallets hit multi-month peak

TLDR

Large XRP (XRP) holders are accumulating, with wallets holding at least 1 million XRP hitting a multi?month high while price and market cap remain under pressure.

1. On chain data shows million XRP wallets have risen by about 32 over three months to around 2,000, a multi month peak, even as market cap fell nearly 30 percent.
2. XRP trades near 1.01 USD with a market cap of 63.05 B USD and is about 73.82 percent below its all time high, while ETF inflows and broader demand have cooled.
3. Key levels around 1 USD support and 1.06 USD resistance, plus whale behavior, network activity, and ETF flows, are the main signals to watch for the next move.

Deep Dive

1. Whale Holdings At Peak

Analytics firm Santiment reports that XRP Ledger wallets holding at least 1 million XRP have increased by 32 addresses over the past three months, reaching roughly 2,038 wallets, a clear multi month high despite price weakness, as highlighted in a Finbold analysis.

Separate coverage notes that these large holders accumulated more than 380 million XRP in just seven days recently, even as price traded close to the 1 USD psychological level, according to crypto.news reporting.

Santiment interprets this as stronger hands absorbing panic, suggesting that long term investors are quietly increasing exposure while shorter term holders exit during a roughly 30 percent summer drawdown, as described in a CryptoPotato report.

2. Price And Demand Divergence

Despite whale accumulation, XRP is not in a confirmed uptrend. Current data shows XRP around 1.01 USD, with a 24 hour move of -1.41 percent, market cap of 63.05 B USD, 24 hour volume of 1.01 B USD, and an all time high drawdown of 73.82 percent.

On chain realized price estimates place the average holder cost basis near 0.75 USD, so many coins are still at a profit, but spot price has been sliding from roughly 2.40 USD at the start of 2026 into the 1.00 to 1.20 USD band, according to a Coindesk market summary.

Institutional appetite via spot XRP ETFs has cooled, with weekly inflows falling from tens of millions of USD earlier in the year to near zero in recent sessions, even as active addresses and millionaire wallets rise, as noted in a Benzinga network activity piece.

3. Levels And Signals To Watch

Analysts are focused on the 1 USD area as a psychological floor where whales appear to be defending price, and on roughly 1.06 USD as a key resistance cluster where about 3 billion XRP previously changed hands, creating possible sell pressure for break even exits.

If XRP can close above 1.06 USD and hold, some technical studies see room toward 1.35 USD and 1.64 USD, but these are scenario levels, not guarantees. A monthly TD Sequential buy signal on XRP has historically preceded large rallies, yet its April 2025 sell signal also correctly called a sharp drop, so it should be treated as one indicator among many.

Practical signals to track are the number of million XRP wallets, active address growth, ETF net flows, and derivatives positioning around the 1 USD and 1.06 USD bands.

Conclusion

XRPs multi month peak in whale wallets shows growing conviction among large holders even as price, market cap, and ETF demand stay subdued.

If accumulation continues while key levels near 1.06 USD are reclaimed with improving volumes and flows, it could mark the transition from consolidation into a new trend.

Until then, the setup remains a divergence story where strong hands are absorbing supply but broader market participation is still the missing piece.