XRP records a new all-time high on its network. According to Santiment data, 332,230 wallets now hold at least 10,000 XRP, a level never reached before. This increase in the number of large wallets comes as the price of crypto still remains far from its previous highs. Such dynamics revive discussions around the positioning of long-term investors on Ripple's assets.
In brief
- The XRP Ledger hits an all-time high with 332,230 wallets holding at least 10,000 XRP.
- Santiment data shows continued accumulation of high-rollers despite crypto market volatility.
- The XRP network has quickly recovered after the massive liquidations seen during the recent market crash.
- Despite this strong on-chain growth, the price of XRP still remains far from its previous all-time highs.
332,230 XRP wallets: large holders strengthen their positions
The XRP Ledger has just reached a new all-time high with 332,230 wallets holding at least 10,000 XRP, according to data relayed by Santiment.
The on-chain analysis platform highlights that this progression has been building for several months, despite the turbulence of the crypto market. In his publication, Santiment asserts : “the continued increase in the number of XRP wallets holding at least 10,000 XRP constitutes a particularly strong signal in the long term”.
Several elements emerge from this dynamic observed on the XRP network:
- The number of major wallets has been growing continuously since June 2024;
- Accumulation continued despite periods of market decline;
- More than 4,500 wallets temporarily disappeared during the crypto crash;
- The XRP network has since recovered these losses and surpassed its previous all-time high;
- This development reflects an accumulation strategy geared more towards the long term than towards immediate speculation.
Such a trend contrasts with the behavior observed on many assets more sensitive to short-term speculative movements. Thus, the rapid recovery of wallets after the massive liquidations of February testifies to a certain resilience of major holders of XRP.
The growth of the XRP network is not yet fully reflected in the price
This explosion in the number of major wallets is not, however, accompanied by an immediate return of XRP to its former market peaks. The asset is still moving around $1.45 to $1.50 after recently breaking several months of bearish resistance. The contrast between on-chain growth and price performance is now fueling debate among analysts.
Indeed, the expansion of the XRP network is still far from the global adoption of traditional payment infrastructures like Visa or Mastercard. In other words, the rise of wallets does not automatically mean XRP domination in international payments. This accumulation may reflect strategic confidence from historical investors, without guaranteeing an immediate explosion in real network usage.
The market could now monitor one specific element: the ability of XRP to transform this accumulation into real demand dynamics. If wallet growth continues while the price consolidates, some investors will see this as a classic scenario of preparation before a global move. Conversely, prolonged stagnation could fuel questions about the actual speed of adoption of Ripple's crypto in the global financial ecosystem.
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