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 Flags Return of XRP Millionaires
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.
“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.
“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.
“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.
