XRP’s largest holders have pushed their combined balances to the highest level in nearly eight years, according to on-chain analytics firm Santiment, as the token tests the upper end of a recent trading range near $1.50.
Santiment said wallets holding at least 10 million XRP now control 45.83 billion tokens, valued at roughly $68.5 billion based on the price level referenced in its update. The firm described the move as a whale-led push, noting that those wallets now hold 68.5% of XRP’s supply.
Why This Is A Crucial Moment For XRP Price 
“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,” Santiment wrote. “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 also highlighted the context behind the trend. XRP has spent much of 2026 trading below previous highs, meaning the rise in larger holder cohorts has occurred during periods when momentum was not uniformly supportive. The firm framed that as evidence of accumulation during weaker market conditions rather than a simple reaction to upside volatility.
There was one notable interruption. Santiment said the number of wallets holding at least 10,000 XRP dropped by more than 4,500 between February 6 and February 8. The firm said there was no confirmed XRP-specific event directly tied to that decline, but added that the timing “strongly suggests” it was connected to the broader crypto crash and liquidations on February 5.
Since then, the growth in 10,000-plus XRP wallets has exceeded the pre-drop level, according to Santiment. That recovery is central to the bullish interpretation of the data: larger holders appear to have rebuilt and expanded their positions after the liquidation-driven reset.
At press time, XRP traded at $1.469.
