XRP Million-Plus Wallets Reach 2,147 in 2026 as Price Holds $1.20-$1.25

Santiment points to a similar pattern in August 2026, when the million-plus wallet count grew by 32 over three months even as XRP's market capitalization fell 29% in the same period.

Analyst Views Diverge

Santiment interprets the trend as accumulation by long-term holders rather than large investors exiting. CryptoPotato notes that large holders generally have longer time horizons than short-term traders, which the firm cites as the basis for its read.

Technical analyst Ali Martinez has argued that XRP's breakout above the upper Bollinger Band after its tightest squeeze since August could signal an early bullish move, citing a roughly 71% three-day rally after a comparable squeeze. ChartNerd takes a more cautious near-term view, expecting a market reset that could push XRP down to $1.16 to $1.04 after losing $1.30 support, before a longer-term move toward $5 to $8 in 2027. These are individual analyst forecasts, not Santiment's position, and neither is supported by the wallet data itself.

Conditions and Caveats

Santiment has set markers for a constructive setup rather than forecasts. It wants the million-plus wallet count to stay above 2,140 while price holds the $1.20 to $1.25 range, with stronger confirmation if XRP reclaims $1.30 and then $1.40 alongside continued growth in large-holder addresses.

The data has limits. A wallet is not the same as a person, and one entity can control several addresses. A custodian or exchange reorganizing its holdings could also move the count without any new buying. The August precedent shows that large-holder accumulation did not prevent a sharp decline in market capitalization over the short term.

Ecosystem Metrics

CryptoPotato reported several Q3 2026 ecosystem figures alongside the wallet data: XRP Ledger stablecoin supply rose 25.2% to $1.03 billion, global ETP net inflows climbed 39.6% to $355.3 million with assets under management at $3.32 billion, payment volume increased 4.3% to 42.82 billion XRP, native DEX volume grew 20.2% to $614.8 million, and tokenized real-world assets rose 29.2% to $498.7 million. These figures come from a single outlet and have not been independently verified here.

Why It Matters

For Traders

XRP holding the $1.20 to $1.25 range while the million-plus wallet count stays above 2,140 is the specific level Santiment is watching over the next few sessions.

For Investors

Sustained large-holder accumulation through a flat price period is a structural signal to track across multiple months, though the August precedent shows it does not guarantee near-term price gains.

For Builders

Rising XRP Ledger wallet creation and stablecoin and tokenized asset volumes indicate growing on-ledger activity that applications building on XRPL should factor into their usage assumptions.