XRP Ledger whales holding more than 1 million tokens hit a multi-month peak

What happened

The number of XRP Ledger wallets holding more than 1 million XRP rose to 2,038, a multi‑month high, after XRP fell below the $1 psychological support level for the first time in 2026.

Confirmed

Global impact / market context

A rise in large‑holder (whale) wallets can signal that big investors are accumulating XRP when prices dip, which may support future price stability or upside as they hold significant supply.

Analyst inference

XRP’s drop below $1 broke a key price barrier, prompting on‑chain analysts to track whale activity; such movements are watched because they often precede shifts in market sentiment for the token.

Analyst inference

What to watch

1. Changes in the number of million‑XRP wallets over the next weeks, indicating whether whales continue to accumulate or start selling. Analyst inference
2. XRP price movements around the $1 level, as breaking or holding this support can affect trader confidence and further whale actions. Analyst inference
3. On‑chain transaction volume from large wallets, which shows whether whales are moving tokens to exchanges or holding them long‑term. Analyst inference

Affected assets

• XRP — XRP

Evidence

• finbold.com