Whale Wallets Surge as XRP Price Slides

XRP's price has been trending lower in recent times, but despite this decline, the number of wallets holding over 1 million XRP has risen steadily. According to Santiment, this on-chain accumulation is a constructive signal that could help stabilize the price if it persists.

The count of addresses controlling a million or more XRP has climbed, indicating that large players are adding to their positions or at least concentrating supply among fewer hands. This dynamic matters because whales have the capacity to absorb sell pressure and shape liquidity.

Large-holder accumulation during a price slide is a well-documented phase in crypto market cycles. When buyers with deep pockets step in while others distribute, it can signal a shift in the supply-demand balance that takes time to appear on the chart.