XRP Wallets Holding 10,000 Tokens Rise by 16,815 Despite 30% Price Drop, Santiment Reports
The number of XRP wallet addresses holding at least 10,000 tokens has increased by 16,815 since February 9, even as the cryptocurrency lost approximately 30% of its value over seven weeks, according to blockchain analytics platform Santiment. The divergence has drawn attention to the behavior of larger XRP holders as the token trades near the psychologically significant $1 level.
According to In a recent post on X, Santiment reported that the number of qualifying XRP addresses had grown by 5.15% over nine months, reaching approximately 343,500. The increase occurred despite repeated price declines and continued weakness across the broader cryptocurrency market.
XRP was trading near $1.0582 in the analysis, placing it close to the $1 support level that Santiment identified as important for the cryptocurrency's near-term direction.
XRP Whale Wallets Increase as Prices Decline
Santiment's data showed approximately 326,695 XRP addresses holding at least 10,000 tokens on February 9. By November, that figure had climbed to approximately 343,510, representing an increase of 16,815 addresses.
The growth became more pronounced between July and November, a period during which XRP struggled to sustain earlier price levels. Although the cryptocurrency experienced several unsuccessful recovery attempts, the number of addresses meeting the 10,000-token threshold continued to expand.
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| Source: Santiment |
However, the increase in qualifying addresses does not independently establish that institutional investors or individual large holders have purchased additional XRP.
The figures measure blockchain addresses rather than unique investors or the total amount of XRP accumulated. Changes in wallet distribution can affect the number of qualifying addresses without necessarily reflecting new purchases.
Santiment Highlights XRP's $1 Support Level
Alongside the wallet data, Santiment identified $1 as a key psychological support level for XRP. The cryptocurrency's ability to remain above that price could influence its immediate market outlook, particularly if the number of larger wallet addresses continues to increase.
The analytics platform outlined a potential recovery scenario in which sustained large-wallet growth and stabilization in Bitcoin could support an XRP rebound toward $1.10.
If the recovery continues, XRP could subsequently approach the $1.15 resistance region. Relative to the $1.0582 reference price used in the analysis, these targets represent potential gains of approximately 3.95% and 8.68%, respectively.
These levels represent conditional scenarios rather than confirmed price forecasts. Santiment's outlook depends on continued growth in larger wallet addresses, broader cryptocurrency market conditions, and XRP's ability to maintain its nearby support.
What Happens if XRP Falls Below $1?
Santiment also outlined a downside scenario involving a loss of the $1 support level. If XRP breaks below that threshold while the number of larger wallet addresses begins to decline, the cryptocurrency could face additional selling pressure in the short term.
The platform suggested that such a development could increase fear among retail market participants before a potential rebound emerges. However, the timing and likelihood of any recovery remain uncertain.
The contrast between XRP's approximately 30% decline over seven weeks and the continued expansion of addresses holding at least 10,000 tokens remains the central finding of Santiment's analysis.
While the growing address count may be consistent with accumulation by some market participants, it does not establish how much XRP has been purchased or whether the trend will continue.
For now, Santiment's analysis places particular emphasis on the $1 price level, the direction of large-wallet growth, and Bitcoin's broader market performance as factors that could shape XRP's next movement.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.