XRP wallets holding at least 10,000 XRP tokens have climbed to a record 332,230, according to fresh data shared by Santiment on X.
XRP whale wallets hit all-time high
The analytics platform noted that the number of large XRP holders has steadily increased since June 2024, even during periods of market volatility and weak price movement.
Santiment added that whales continued accumulating XRP despite uncertain market conditions. The firm also addressed the sudden decline of over 4,500 whale wallets between February 6 and February 8, stating there was no confirmed XRP-related reason behind the drop. According to the platform, “there does not appear to be one confirmed XRP-specific event directly tied to it.”
XRP trades near crucial resistance
XRP was trading around $1.45 on May 13, slipping 0.28% over the last 24 hours, based on crypto.news market data. During the same timeframe, the token fluctuated between $1.42 and $1.47, while daily trading volume crossed $2.11 billion.
Although XRP has gained 2.29% over the past week and nearly 10% in the last month, it remains significantly below its July 2025 all-time high of $3.65. Current levels place the token roughly 60% beneath that peak.
ETF inflows continue supporting sentiment
Spot XRP ETFs in the United States recorded strong inflows recently. On May 11, daily net inflows reached $25.8 million, marking the strongest single-day performance since January 5, according to SoSoValue data cited by crypto.news.
Franklin Templeton’s XRPZ led the inflows with $13.6 million, followed by Bitwise’s XRP ETF at $7.6 million and Grayscale’s GXRP with $4.6 million.
The momentum continued on May 12 with another $5.31 million in net inflows. Total cumulative inflows now stand at approximately $1.36 billion, while total net assets have reached $1.16 billion.
Analysts monitor the $1.50 breakout zone
Crypto analyst EGRAG Crypto has projected possible long-term targets of $7, $13, and even $27 for XRP. However, the analyst noted that timing remains the biggest question, asking whether XRP has already formed its macro bottom.
Technical charts show XRP continuing to hold above a major rising trendline while testing near-term resistance. Analysts are particularly focused on the $1.50 zone, which is being viewed as a critical breakout level after XRP recently formed an inverse head-and-shoulders pattern.
