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The number of XRP wallets holding more than one million tokens has been steadily rising since the start of the year, signalling potential long-term strength despite weak broader crypto sentiment, according to Santiment.
Santiment said XRP’s price is down about 4% so far in 2026, but the count of so-called millionaire wallets has increased for the first time since September, with 42 large holders returning since Jan. 1.
“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 said.
At current prices of around $1.87, a wallet holding one million XRP is worth roughly $1.87 million, highlighting the scale of accumulation taking place, according to CoinMarketCap.
Accumulation by so-called smart money traders has also increased, with holdings up 11.55% over the past 30 days, according to on-chain data from Nansen.
Analysts remain divided on XRP’s near-term outlook, with some traders predicting a breakout above resistance while others warn price gains could become overly dependent on regulatory narratives.
Broader market indicators remain subdued, with the Crypto Fear & Greed Index in fear territory and Bitcoin continuing to outperform most altcoins, underscoring the cautious backdrop facing XRP.
At the time of reporting, XRP price was $1.88.