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. “XRP is teasing a $1.50 market value, 
and whale wallets are leading the charge,” Santiment wrote on X. “Wallets with 
at least 10M XRP now hold a combined 45.83B XRP tokens ($68.5B USD), the most 
they’ve held since May, 2018. This translates to 68.5% of the coin’s supply.” 
Why This Is A Crucial Moment For XRP Price The $1.50 area has drawn additional 
attention because it lines up with a key technical zone on the daily chart. 
Crypto analyst Cheds Trading described the move as an “XRP bounce into range 
peak on daily,” alongside a chart showing price pressing into the upper 
boundary of a multi-month consolidation range. This means the current move is 
not only about whale balance growth. XRP has rebounded from a lower support 
zone and is now trading into a region where prior rallies stalled. A decisive 
move through that area would change the near-term structure; failure there 
would reinforce the range that has contained the asset since the sharp sell- 
off earlier in the year. Related Reading: XRP Is Quietly Taking Over And These 
Are The Things That Investors Keep Missing Santiment’s broader wallet data 
adds another layer to the whale accumulation story. In a separate May 13 
update, the firm said the XRP Ledger had reached an all-time high of 332,230 
wallets holding at least 10,000 XRP. According to Santiment, that count has 
been in a consistent growth trend 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,” 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. 
Related Reading: XRP Ledger Hits Record High In 10K+ Wallets As Larger Holders 
Accumulate 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. The immediate 
market question is whether whale accumulation can coincide with a clean break 
above the range peak near $1.50. Santiment’s data points to rising 
concentration among the largest wallets and continued growth in mid-to-large 
XRP holders. At press time, XRP traded at $1.469. Featured image created with 
DALL.E, chart from TradingView.com

XRP Whales Now Hold Most Tokens Since 2018 As Price Eyes $1.50

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XRP Whales Now Hold Most Tokens Since 2018 As Price Eyes $1.50

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