XRP Mid-Tier Holders Hit Record 332,230 Wallets Despite 20% YTD Drop

XRP’s trajectory this 12 months has been outlined by quick rallies and pullbacks. Although the token has posted a modest 7.7% restoration for the reason that US-Iran battle, it’s nonetheless down 20.7% 12 months to this point (YTD).

However, a key on-chain sign factors to sturdy underlying momentum, highlighting rising conviction amongst holders.

XRP Holders Keep Accumulating Despite Price Slump 

Santiment’s information reveals wallets holding at the very least 10,000 XRP have climbed to an all-time high of 332,230. This extends a broader upward development that has been underway since June 2024.

Follow us on X to get the most recent information because it occurs

The analytics agency confused that rising counts sometimes sign better conviction amongst these less focused on short-term worth swings.

“This is particularly notable as a result of XRP has spent a lot of 2026 buying and selling under earlier highs, which means many holders seem keen to build up throughout concern slightly than chase momentum,” the submit learn.

Nonetheless, pockets counts didn’t rise in a straight line. Between February 6 and eight, the cohort misplaced over 4,500 wallets within the development’s sharpest contraction.

Santiment linked the drop to the broader crypto crash and liquidation cascade on February 5. The agency recognized no XRP-specific catalyst.

Meanwhile, wallets holding 10,000 or extra XRP sit above retail merchants and under institutional whales, a tier sometimes populated by high-conviction individual investors and smaller funds. 

When this cohort grows steadily, it’s a quiet type of accumulation that doesn’t present up in worth motion however reshapes the availability construction beneath it. None of this ensures an imminent rally.

But the setup that sometimes precedes XRP’s bigger strikes is now in place: shrinking float, conviction consumers absorbing provide, and a market that simply stress-tested a flush and got here out stronger.

For now, XRP continues to maneuver in lockstep with the broader market. The altcoin has seen modest declines of 0.52% over the previous 24 hours. At press time, XRP traded at $1.45.

Subscribe to our YouTube channel to look at leaders and journalists present skilled insights 

The submit XRP Mid-Tier Holders Hit Record 332,230 Wallets Despite 20% YTD Drop appeared first on BeInCrypto.