Behold, the year of XRP! A tempest of brief surges and abrupt descents, a veritable operetta of market whims. Though the token has managed a modest 7.7% recovery since the US-Iran conflict, it still lags 20.7% behind the calendar year’s start.
Yet, lo! A key on-chain omen whispers of robust momentum, a testament to the unyielding resolve of those who hold fast.
XRP Holders Keep Accumulating Despite Price Slump
Santiment, that paragon of wisdom, declares that wallets clutching at least 10,000 XRP have scaled an all-time peak of 332,230. A trend that has persisted since June 2024, as if the universe itself conspired to inflate their numbers.
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The analytics firm, ever the sage, insists that such rising numbers are a testament to the unwavering resolve of investors who care little for fleeting price fluctuations.
“This is especially notable because XRP has spent much of 2026 languishing beneath its former glory, yet the holders, like stubborn mules, continue to accumulate amidst the gloom,” the post read, as if reciting a liturgy for the faithful.
Nonetheless, the path was not smooth. Between February 6 and 8, the cohort lost over 4,500 wallets in the trend’s sharpest contraction, a blow so severe it could have sliced through a diamond.
Santiment, ever the detective, attributes the drop to the broader crypto crash and liquidation cascade on February 5. No XRP-specific villain was found, though one might suspect the moon itself.
Meanwhile, these wallets, perched between the humble retail traders and the titanic institutional whales, form a peculiar middle ground, where the brave and the foolish coexist.
When this cohort grows steadily, it is a quiet form of accumulation that doesn’t show up in price action but reshapes the supply structure beneath it. None of this guarantees an imminent rally, though one might hope.
But the setup that typically precedes XRP’s larger moves is now in place: shrinking float, conviction buyers absorbing supply, and a market that just stress-tested a flush and came out stronger. A tale as old as time, yet never quite the same.
For now, XRP continues to move in lockstep with the broader market. The altcoin has seen modest declines of 0.52% over the past 24 hours. At press time, XRP traded at $1.45, a price that would make even a beggar weep with envy.
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2026-05-13 16:24