The number of XRP wallets holding more than 1 million tokens has begun to rise again, marking the first sustained increase since September, according to analytics firm Santiment. Since January 1, at least 42 high-balance wallets have returned to the ledger, reversing part of the decline seen late last year when hundreds of large holders exited positions.
The accumulation comes as broader crypto market sentiment remains subdued, with fear indicators signaling continued investor caution. XRP prices have been relatively stable year to date, suggesting that large holders may be positioning for longer-term developments rather than short-term price movements. Data from other analytics platforms also points to increased accumulation among historically profitable traders.
The trend highlights a divergence between institutional or high-net-worth positioning and retail sentiment, a pattern often observed during consolidation phases. Whether the accumulation translates into sustained price momentum will depend on broader market conditions and regulatory clarity affecting digital assets.
