XRP whale activity has been dramatic recently. | Source: Gemini
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Key Takeaways
On-chain data from Santiment shows a rise in XRP “millionaire” wallets for the first time since September.
Whale activity does not always indicate long-term confidence.
Some analysts see potential for an XRP price breakthrough.
XRP is drawing renewed attention from investors after blockchain data showed a rise in large holders for the first time in months, even as the token’s price remains under pressure at key technical levels.
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Santiment said in a post on X that XRP has posted a modest decline so far this year but is seeing a notable shift in wallet distribution.
“XRP’s price is down a modest -4% since the start of 2026, but its amount of ‘millionaire’ wallets are rising for the first time since September,” Santiment wrote.
🐳🦈 XRP's price is down a modest -4% since the start of 2026, but its amount of 'millionaire' wallets are rising for the first time since September. A net of +42 wallets with at least 1M $XRP have returned to the ledger, an encouraging sign for the long-term. pic.twitter.com/nmB4hCxtZO
“A net of 42 wallets with at least 1 million XRP have returned to the ledger, an encouraging sign for the long-term.”
The data suggests that large holders, often referred to as whales, are increasing their exposure despite the lack of a sustained price recovery.
What Accumulating Whales Can Signal
Market participants often track whale activity closely, as large investors tend to accumulate during periods of consolidation or weakness.
Rising numbers of high-balance wallets can signal growing confidence among long-term holders or strategic positioning ahead of a potential trend shift.
However, analysts caution that whale accumulation alone does not guarantee an imminent rally, particularly when broader market sentiment remains unfavorable.
Analysts Share Bullish XRP Price Predictions
Some analysts remain optimistic that XRP could attempt a move higher if selling pressure continues to ease.
One data analyst wrote on X that XRP appears close to overcoming resistance.
“XRP looks like to break through the selling wall soon,” the analyst wrote.
$XRP looks like to break through the selling wall soon.
Net buying remains strong, and the trend is reversing.
“Net buying remains strong, and the trend is reversing.”
“If this sell wall is broken, the price could continue rise to $2.3,” the post added.
Such projections depend on XRP clearing overhead supply zones that have capped recent recovery attempts.
Large XRP Whales Selling
Not all whale activity has been hopeful for XRP’s price, however.
On-chain data shows that wallets holding between 100 million and 1 billion XRP were the primary drivers of a large sell-off of XRP, selling around $800 million.
While analysts noted that the selling pressure was partly offset by accumulation from smaller whale cohorts, it has still sent fear through traders.
CCN XRP Price Outlook
Victor Olanrewaju, an analyst at CCN, said XRP’s price remains technically constrained despite recent stabilization.
“On the daily chart, XRP’s price is consolidating just above the $1.90 area, with a clear descending channel holding back every recovery attempt since the January spike,” Olanrewaju wrote.
He added that a recent rebound stalled near a key Fibonacci level.
XRP/USD Daily Chart | Credit: TradingView
“The recent rebound failed near the 0.382 Fibonacci retracement around $2.28, reinforcing that sellers remain active on rallies, while the 20-day EMA continues to slope lower and act as dynamic resistance near $1.96.”
According to Olanrewaju, momentum indicators remain cautious, though downside pressure may be limited as long as support holds.
“As long as XRP holds above the $1.80 support zone, downward pressure may stay contained,” he said.
In a highly bullish scenario, Olanrewaju wrote, he believes a rise to $2.28 is possible.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
