- The number of wallets holding over 1 million XRP tokens is rising.
- This trend persists even as XRP’s price dips about 4 % in 2026.
- 42 large wallets have returned since January, per Santiment.
- Smart money activity and whale buying hint at longer-term confidence.
The count of XRP “millionaire” wallets addresses holding more than 1 million tokens is climbing again, even as the token’s price has slipped modestly this year, data from on-chain analytics firm Santiment shows.
Market watchers say the trend could reflect renewed confidence among large holders and growing interest from so-called smart money, signaling a potential backdrop of accumulation despite cautious sentiment.
What Happened
According to Santiment’s data, XRP’s price is down approximately 4 % since the start of 2026, but the number of wallets with at least 1 million XRP has begun rising after months of decline.
This marks the first sustained increase in large-holder counts since September 2025, with 42 additional millionaire wallets returning to the ledger since January, Santiment notes. The prior quarter saw a sharp exodus, with 784 such wallets disappearing between October and December.
At current prices around **$1.87 per token holding 1 million XRP represents roughly $1.87 million in value, making the class still relatively high-entry.
Why It Matters
Large wallets often called whales are closely watched by traders because their behavior can signal long-term conviction or accumulation. A rise in millionaire address counts typically suggests that big holders are increasing exposure rather than reducing it.
Additional on-chain analytics from Nansen also show that smart money wallets profiles associated with consistent profitability have increased ">XRP accumulation by roughly **11.5 % over the past month.
While analysts differ on near-term price action, renewed whale activity amid a modest price dip could indicate that large holders see value at current levels.
Market View & Outlook
Some traders on social platforms argue that XRP is nearing a key technical breakout, with resistance around higher price levels potentially unlocking further upside if sustained buys continue.
Meanwhile, broader market indicators paint a cautious environment. The Crypto Fear & Greed Index remains in “Fear” territory, and broader altcoins have lagged Bitcoin’s performance, as reflected in the Altcoin Season Index.
Asset managers have also pointed to XRP’s history of long consolidation phases followed by sharp rallies, while others caution that regulatory developments such as pending legislation could influence price behavior.
