"" XRP Millionaire Wallets Rise Amid Market Decline
XRP traded in a narrow range on Thursday as traders focused on on-chain signals suggesting that large holders may be quietly accumulating during the recent downturn. According to Santiment data, the number of XRP Ledger wallets holding at least 1 million XRP increased by 32 over the past three months.
This divergence has attracted attention because it suggests that some of the network's largest holders may be accumulating while broader market sentiment remains cautious. The trend is described as a sign that "stronger hands are absorbing panic" and that patience may be replacing short-term speculation.
However, XRP has fallen nearly 4% over the past week as selling pressure continued to weigh on the broader cryptocurrency market. Despite this, network activity has shown signs of improvement, with CryptoQuant data indicating that active addresses rose from 12,195 on July 12 to 20,550 on August 12.
The combination of increasing large-holder wallets and rising network activity has led some analysts to argue that underlying engagement with the XRP Ledger may be strengthening even as market prices remain weak. Wallets holding between 10 million and 100 million XRP have added roughly 1.23 billion tokens since the start of 2026, highlighting continued buying interest among large holders.
While some analysts are optimistic that XRP's steep correction has pushed the token into deeply oversold territory, others point to the growing role of Ripple's broader ecosystem. The RLUSD stablecoin has become a more meaningful institutional product, while Ripple's payments, custody, and tokenization infrastructure continues to support settlement-related use cases on the XRP Ledger.
Key Takeaways
- The number of XRP Ledger wallets holding at least 1 million XRP has increased by 32 over the past three months.
- Large holders are accumulating XRP despite a 29% decline in market capitalization.
- Network activity has shown signs of improvement, with active addresses rising by 68% over the past month.
- Wallets holding between 10 million and 100 million XRP have added roughly 1.23 billion tokens since the start of 2026.
- The growing role of Ripple's broader ecosystem may be supporting settlement-related use cases on the XRP Ledger.
Categories: [bitcoin, ethereum, markets, defi-news, regulation, nfts, altcoins, mining, exchanges, security] Tags: [xrp, ripple, santiment, cryptoquant, xrpusdt] image_prompt: A bold, flat, graphic silhouette of a growing XRP Ledger network with rising active addresses and accumulating large-holder wallets.