LONDON (IT BOLTWISE) – The number of XRP wallets holding over 10,000 tokens has reached a new high. This suggests increased accumulation by large investors betting on XRP’s long-term potential. Despite short-term market fluctuations, there is growing confidence in the cryptocurrency.
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The cryptocurrency XRP is currently experiencing remarkable development as the number of wallets with at least 10,000 XRP has reached a new high. This increase indicates increased accumulation by so-called whales and mid-sized investors who appear to be betting on the long-term potential of XRP. This development is particularly notable as it comes amid short-term market fluctuations, indicating growing confidence in the cryptocurrency.
Data from Santiment, a leading on-chain analytics platform, shows that over 317,500 addresses now hold at least 10,000 XRP. This number marks an all-time high and underlines the increasing interest in XRP as a strategic investment. Historically, such increases in wallet counts have often preceded significant price movements in XRP and other major cryptocurrencies, suggesting that informed investors are positioning themselves early to benefit from a potential breakout.
Technically speaking, XRP is in a phase of consolidation within a descending channel, which is often viewed as a correction phase. This technical formation has often led to significant price increases in the past, fueling optimism among traders and investors. The key to XRP’s next move lies in its ability to hold support in the critical $2.00-$2.20 area. Should buyers manage to defend this level, XRP could be positioned for a rise towards the next resistance at $2.72.
In the long term, the growing base of large XRP holders could indicate a structural shift in market sentiment, with investors increasingly viewing XRP as a strategic asset tied to real-world application usage. The token’s connection to cross-border payment solutions and its alignment with ISO 20022 standards make it a strong candidate for institutional adoption. These developments could lay the foundation for a sustained, conviction-driven bullish phase led by the asset’s most influential stakeholders.
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