The Rise of XRP Millionaire Wallets: A Sign of Renewed Confidence?
The cryptocurrency market is no stranger to volatility, and XRP is once again making waves as millionaire wallets rise by 42 in 2026. This increase signals renewed whale accumulation interest, even as broader market challenges persist. Despite a drop in XRP’s open interest to below $1 billion, investors are beginning to see a glimmer of opportunity amidst the turbulence.
What Triggered XRP’s Recent Drop?
XRP came under heavy pressure recently, falling by approximately 7.5% and trading below the $1.73 mark. This was partly due to a sharp decline in gold prices, triggering $72 million in long liquidations for XRP traders. Notably, 98% of these liquidations came from long positions, spotlighting the heightened risk associated with leveraged trading.
Accumulation Phase: A Quiet but Promising Trend
On-chain data from Santiment reveals that XRP wallets holding at least 1 million tokens are climbing for the first time since September 2025. This represents a net increase of 42 high-value wallets returning to the XRP Ledger—a stark contrast to the heavy selling phase from October to December 2025, which saw XRP’s value drop nearly 40%, from $3.68 to $1.88.
This surge in whale wallets suggests that significant holders view the current price levels as favorable for accumulation. Could this signal the start of a broader recovery phase for XRP?
Market Behavior: Reduced Trading and Active Adoption
Interestingly, trading activity in XRP has cooled significantly. Data from CryptoQuant indicates that XRP’s open interest has plummeted from $3.5 billion to under $1 billion, showing many traders exiting leveraged positions. This shift reduces selling pressure, paving the way for long-term holders to accumulate quietly.
Moreover, the XRP Ledger remains highly active, with over 3,200 new accounts created recently. Daily transactions remain consistent at around two million—demonstrating the network’s enduring utility, even during price drops.
Exchange Reserves and What Lies Ahead
Another key indicator lies in exchange reserves. XRP reserves on Binance have declined to approximately 2.71 billion tokens. This could signal tightening supply, which may support future price increases. However, a reversal in this trend could increase the risk of a further decline toward $1.60.
Investment Considerations
For those tracking XRP’s market movements, this accumulation by whale wallets and network robustness are pivotal factors to watch. If the current trends continue, XRP could aim for a recovery toward the $2.30–$2.50 range in the medium term.
Recommended Investment Tool
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Final Thoughts
While XRP’s road ahead is uncertain, the growing number of millionaire wallets and the sustained activity on the XRP Ledger suggest that optimism is not misplaced. As always, ensure thorough research and risk assessment before making investment decisions in such a dynamic market.
