The XRP Ledger has reached a new high in the number of wallets holding at least 10,000 XRP, according to on-chain analytics firm Santiment, extending a growth trend that has been in place since mid-2024. The firm framed the rise as a long-term accumulation signal among larger holders, even as XRP has spent much of 2026 trading below prior highs.
Santiment said its data shows 332,230 XRP Ledger wallets now hold at least 10,000 XRP, marking an all-time high for that cohort. The metric, shown in a chart shared by Santiment Intelligence, tracks wallets in the “10,000 to infinity” XRP balance range alongside the XRP price.
“According to our on-chain data, XRP Ledger now has reached an all-time high of 332,230 wallets holding at least 10K XRP,” Santiment wrote. “This extends a consistent growth trend that has been building since June, 2024. The continued rise in XRP Ledger wallets holding at least 10,000 XRP is an important long-term signal because it shows that larger holders have kept accumulating even during periods of volatility and uncertainty.”
What This Means For XRP Price
The chart shows a steady expansion in the number of 10K-plus XRP wallets over the past year, with the wallet count rising even as the price line has moved through several drawdowns and rebounds. The latest reading places the cohort near 332,000 wallets, above previous levels seen before a sharp early-February decline.
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Santiment described the group as “mid-to-large wallets,” a distinction that matters for interpretation. A 10,000 XRP threshold does not necessarily identify institutional whales or exchange-scale holders, but it does filter out smaller retail balances and captures addresses with a more meaningful exposure to the asset. For market analysts, growth in that cohort can point to broader accumulation, distribution patterns, or changes in holder conviction.
The firm argued that the latest move is notable because it has occurred during a period when XRP has remained below earlier highs. In that context, Santiment said the increase may suggest that larger XRP holders have been adding exposure into weakness rather than waiting for momentum to return.
“Historically, rising numbers of mid-to-large wallets suggest increasing conviction from investors who are less focused on short-term price swings and more interested in long-term positioning,” Santiment wrote. “This is especially notable because XRP has spent much of 2026 trading below previous highs, meaning many holders appear willing to accumulate during fear rather than chase momentum.”
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The chart also shows a brief but sharp break in the trend in early February. Santiment pointed to a drop of more than 4,500 wallets in the 10K-plus category between February 6 and February 8, but said there was no confirmed XRP-specific catalyst behind the move.
“As for the sharp drop of more than 4,500 of these 10K+ wallets between February 6th and 8th that you see, there does not appear to be one confirmed XRP-specific event directly tied to it,” Santiment wrote. “However, the timing strongly suggests it was connected to the crypto-wide crash and liquidations on February 5th, which the growth in wallets since then have now exceeded.”
That recovery is the more important element in the data. The number of wallets in the 10K-plus XRP cohort has not only rebounded from the February decline, according to Santiment’s chart, but pushed to a fresh record. That suggests the early-year disruption did not derail the broader accumulation trend tracked since June 2024.
Still, wallet-count data requires careful reading. A rising number of addresses above a balance threshold can reflect genuine accumulation by new or existing holders, but it can also be influenced by wallet fragmentation, custody practices, exchange activity, and operational address management. Santiment’s framing focuses on the signal from the cohort’s persistent expansion rather than treating the metric as a direct count of unique investors.
At press time, XRP traded at $1.4554.
Featured image created with DALL.E, chart from TradingView.com