Even as XRP has experienced a modest pullback since the start of 2026, on-chain metrics show signs of renewed accumulation by high-value holders, suggesting confidence in the token’s long-term prospects.
XRP Millionaire Wallets Rise Despite Modest Price Dip
According to Santiment, the number of XRP wallets holding at least 1 million XRP has increased for the first time since September 2025. Specifically, around 42 wallets with at least 1 million tokens have returned to the XRP Ledger, indicating renewed accumulation at high levels despite short-term price weakness.
XRP has seen a 4% decline since its January 2026 peak, moving from around $2.40 to $1.87 as of late January. While this is a relatively mild dip compared to the volatility seen in some altcoins, it contrasts with the notable increase in millionaire wallet activity.
This relatively muted price movement may have encouraged the increased on-chain activity. The dip below the $1.85 level in January likely provided attractive entry points for whale buyers returning to the ledger.
The recent net increase of 42 millionaire wallets marks the first such rise since September 2025, when XRP traded around $3.05. This resurgence is noteworthy because it suggests that long-term holders are stepping in while the price remains relatively stable, reinforcing the narrative of strategic accumulation rather than speculative momentum chasing.
Historical Context Reinforces Long-Term Outlook
Historically, such accumulation by high-value holders has often preceded medium- to long-term price rallies. For example, between July and September 2023, XRP millionaire wallets increased by 58 addresses, coinciding with the token rising from approximately $0.40 to $0.62, a gain of over 50%.
A similar pattern occurred in March-May 2022, when wallets holding 1 million XRP and above increased by 35 addresses before the price surged from $0.36 to $0.63, marking a near 75% rally. These examples indicate that the ongoing renewed accumulation by millionaire wallets may signal significant price appreciation, reflecting confidence in the asset even as short-term sentiment remains subdued.
What Traders Are Watching Next
Traders and analysts are therefore closely monitoring key price levels that could influence XRP’s near-term trajectory. Support is expected to hold in the $1.88–$1.90 range, where accumulating whales have established positions, while potential resistance could emerge in the $1.95–$2.00 range as the market reacts to buying pressure and speculative interest. These levels may serve as critical markers for price consolidation or breakout moves in the coming weeks.
Evans Kelvin
The CoinRemark Team
