According to data from Santiment, owners of large amounts of XRP are holding more of the cryptocurrency than they have in almost eight years. This increase in holdings coincides with XRP currently trading near its recent high of around $1.50.
According to Santiment, large XRP holders – those with 10 million or more tokens – now possess 45.83 billion XRP, worth approximately $68.5 billion. The firm believes this indicates a significant buying trend driven by these major investors, who collectively control 68.5% of the total XRP supply.
According to Santiment, XRP is showing signs of potentially reaching $1.50, with large XRP holders (known as ‘whales’) driving this activity. These wallets, containing 10 million or more XRP tokens, currently hold a total of 45.83 billion XRP (worth $68.5 billion), which is the highest amount since May 2018. This represents about 68.5% of all XRP in circulation.
Why This Is A Crucial Moment For XRP Price
The price around $1.50 is gaining attention as it coincides with an important technical level on the daily chart. Crypto analyst Cheds Trading noted XRP is experiencing a bounce towards the top of a several-month trading range, as illustrated in a recent chart.
This price movement isn’t just about XRP increasing in value. The price has bounced back from a recent low and is now approaching a level where previous attempts to rise have failed. If XRP can break through this level, it suggests a potential shift in the short-term trend. However, if it fails to do so, it will likely continue trading within the same limited price range it’s been stuck in since the significant drop earlier this year.
New data from Santiment suggests large XRP holders, often called ‘whales,’ are continuing to buy and accumulate XRP. On May 13th, the firm reported a record high of 332,230 XRP wallets each holding at least 10,000 XRP. Santiment notes this number has been steadily increasing since June 2024.
According to Santiment, the steady increase in XRP wallets holding 10,000 or more XRP is a positive sign for the future. It indicates that larger investors are continuing to buy and hold XRP, even when the price fluctuates. Historically, this pattern – more wallets holding significant amounts of XRP – suggests that investors are confident in the long-term potential of XRP and aren’t just trying to profit from quick price changes.
Santiment also explained the reason for this trend. XRP has been trading below its previous peak for most of 2026. This increase in the number of large XRP holders happened when the market wasn’t strongly rising, suggesting they were buying XRP during dips and weaker periods, not just when prices were going up.
Santiment noted one interesting change: the number of XRP wallets holding 10,000 or more XRP decreased by over 4,500 between February 6th and 8th. While there wasn’t a specific XRP-related event that clearly caused this drop, Santiment believes it likely happened because of the wider cryptocurrency market crash and related sell-offs on February 5th.
According to Santiment, the number of XRP wallets holding 10,000 or more XRP has now surpassed what it was before the recent price drop. This increase supports the optimistic view of the data, suggesting that large XRP holders have recovered and are even increasing their holdings after the market correction.
Right now, traders are watching to see if large XRP holders, often called ‘whales,’ continue to buy more as the price tries to move above $1.50. Data from Santiment shows that a growing amount of XRP is being held by the biggest wallets, and that more mid-to-large-sized holders are also increasing their XRP holdings.
At press time, XRP traded at $1.469.
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2026-05-15 11:34