Classic Bullish XRP Pattern Emerges as Large Wallets Keep Accumulating
XRP briefly climbed above $1.16 and is being supported by accumulation from large holders rather than retail demand, according to the latest findings by Santiment.
The analytics firm found that wallets containing between 100,000 and 100 million XRP expanded their holdings by 2.8% over the past five weeks. Wallets with less than 0.01 of the token, on the other hand, cut their balances by 5.2%.
More Room For Growth
Santiment said XRP has historically tracked the behavior of key stakeholders more closely than the smallest retail wallets, which makes the divergence supportive of the recent price recovery.
The accumulation trend comes as the crypto asset continues to benefit from a stronger market narrative, including the resolution of Ripple’s SEC overhang and ongoing XRP Ledger activity tied to payments, tokenization, and RLUSD. At the same time, US-based spot XRP ETF products have continued to attract institutional interest, recording nearly $12.5 million in net inflows so far this month.
Similar periods of accumulation by stronger holders alongside declining participation from micro wallets have often created conditions that favor further upside, the firm added.
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