XRP Millionaire Wallets Rise Again as Token Price Falls 29% in 3 Months

XRP wallets holding at least 1 million tokens grew by 32 over the past three months, even as the token’s market capitalization fell 29% in the same window, per Santiment.

The divergence isn’t new for XRP, as trackers have consistently shown large-holder cohorts expanding during price downturns over the past year, a trend some analysts read as quiet conviction rather than panic.

Numbers-wise, one can see that XRP is trading near $1.02, down roughly 69% from its 2025 peak of $3.66. The token has shed 5% to 8% over the past week and month alike, extending a slide that began after XRP retreated from a late-July peak near $1.16.

That weakness comes even though XRP’s biggest legal overhang is gone given that Ripple settled its SEC lawsuit last May, and spot ETFs that launched in November 2025 have pulled in more than $1.4 billion in cumulative inflows since.

Onchain behavior, on the other hand, has shown wallets holding between 10 million and 100 million XRP have added roughly 1.23 billion tokens since the start of 2026. More recently, large holders added 380 million XRP over the week leading into August 11, with 81% of Binance outflows in that stretch tied to large holders moving tokens into self-custody (a signal typically associated with long-term holding rather than short-term trading).

Cryptoquant has called that kind of supply absorption during price contractions a historical signal linked to the formation of market bottoms, though it stopped short of calling one for XRP specifically.

Traders are now watching the $1 support level that market analysts flagged this week, a threshold that has become a psychological floor after XRP’s steep pullback from last year’s peak. If millionaire wallets keep expanding while price stays under pressure, it would extend a divergence that has defined XRP’s year so far, one where onchain conviction and market price are telling two very different stories.