XRP, the native cryptocurrency of the XRP Ledger, has displayed low volatility during Wednesday’s U.S. market trading hours, hovering close to the $1.91 mark. As the Federal Reserve announced no changes to interest rates, investor sentiment remained neutral, reflected in a daily chart showing indecisive candle formations.
XRP Millionaire Wallets Show a Notable Rise
Despite the broader market uncertainty, a noteworthy trend has emerged: the number of XRP wallets holding 1 million tokens or more has increased for the first time since 2025. According to data from on-chain tracker Santiment, this growth marks a reversal after a decline in late 2025. The recent gain of 42 new millionaire wallets since January 1, 2026, has pushed the total count to over 2,016. This signals renewed interest from well-capitalized investors, suggesting confidence in the long-term potential of XRP.
Price Patterns and Technical Indicators
The XRP price currently trades at $1.90, reflecting a modest 0.19% loss over the past day. A pullback over the past few weeks has resulted in a V-top reversal from the $2.40 resistance level, translating to a 21% drop. The daily time frame chart reveals a falling channel pattern, where XRP continues to trade between two parallel trend lines, acting as dynamic resistance and support.
Technical analysis suggests that the cryptocurrency may soon test the key support level at $1.78. If the support level breaks, XRP could see another 12% decline, potentially retesting support around $1.57. Conversely, holding above $1.78 could signal short-term consolidation below the resistance trend line, creating a possible opportunity for upward movement.
Renewed Interest in XRP Futures Market
While the spot price of XRP appears stagnant, the derivatives market tells a different story. Coinglass data shows that open interest in XRP-linked futures contracts has seen a significant increase recently, rising from $3.26 billion to $3.46 billion within 48 hours. This uptick reflects growing interest among derivative traders, who are positioning themselves for future volatility.
A Product Recommendation for Crypto Enthusiasts
For investors and traders looking to keep their cryptocurrency secure, the Ledger Nano X hardware wallet is an excellent choice. With industry-grade security and support for XRP and other cryptocurrencies, it offers peace of mind for managing your assets in a safe and convenient way.
The Broader Market Context
The Federal Open Market Committee’s (FOMC) decision to maintain a federal funds rate of 3.5%–3.75% as a neutral range adds to the market’s cautious stance. Chairman Jerome Powell’s remarks suggest that this rate might persist for the foreseeable future. Meanwhile, the momentum indicator (ADX) for XRP stands at 25%, indicating sufficient selling momentum to drive the ongoing correction phase further.
In conclusion, while XRP faces short-term bearish pressures, the spike in millionaire wallets and increasing open interest in futures hint at underlying market optimism. Investors and traders should monitor key support levels and consider the broader economic context in anticipating price movements.
