On-chain Santiment data shows XRP Ledger wallets holding at least 10,000 XRP hit a record 332,230, continuing an uptrend since June 2024 despite a brief February bleed of ~4,500 wallets. The accumulation comes while XRP trades about 60% below its ATH in the $1.40–$1.50 range and coincides with $25.8 million of net inflows into US-listed spot XRP ETFs on May 11, indicating growing on-chain conviction and adoption; key breakout levels to watch are $1.52–$1.54 and $1.60.

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On-chain data from Santiment shows the number of XRP Ledger wallets holding at least 10,000 XRP tokens has reached a new all-time high. The milestone comes at a time when XRP is still trading 60% below its all-time high, showing how much disconnect there is between price and holder activity. It also raises a major question: are larger holders positioning early before the price catches up?

XRP Ledger Hits Record High In 10,000+ XRP Wallets

XRP has spent much of 2026 fighting to regain stronger bullish momentum, but its on-chain picture is telling a different story from the price chart. Many large wallets are not leaving the network. They are adding to it.

Particularly, data from the on-chain analytics platform Santiment shows that the number of XRP Ledger wallets holding at least 10,000 XRP has climbed to a record 332,230. Santiment noted that this continues a steady growth trend that has been building since June 2024, despite the price volatility that has followed XRP across several phases of the crypto industry.

The chart shared by Santiment shows the 10,000+ XRP wallet cohort rising almost consistently from late 2025 into May 2026. However, the most severe test of that trend came in early February.

Between February 6 and 8, 2026, over 4,500 wallets in the 10,000+ XRP bracket disappeared during a broader crypto market selloff. During that time, the Bitcoin price fell 12.6% on February 5 to $63,500, its lowest level since October 2024, as the wider crypto market suffered heavy losses and over $1 billion in liquidations.

However, the wallet count subsequently recovered in the second half of February and has been on an uptrend since then. Now, the number of large XRP holders has broken past its January peak and is at a new high of 332,230 addresses.

Will The XRP Price Follow The Holder Growth?

The question now is whether this wallet growth can translate into price momentum. According to Santiment, the 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. This means that many XRP traders believe in ultra-bullish price targets for the long term.

Interestingly, there are also other pieces of market data that support the idea that XRP is attracting capital. The five US-listed spot XRP exchange-traded funds reported a combined $25.8 million in net inflows on May 11, the largest single-day haul since January 5, when they drew $46 million in their first week of trading, according to SoSoValue data.

On-chain accumulation does not automatically lead to an immediate rally, and XRP’s price chart still has work to do. Buyers need to turn accumulation into visible bullish pressure. The first sign would be a stronger move away from the current $1.40 to $1.50 range.

The current most important breakout zones are around $1.52 and $1.54. A successful daily close above $1.54 could validate a bullish breakout on the shorter timeframes, while a close above $1.60 will validate a bullish breakout on larger timeframes.