The XRP Ledger (XRPL) has reached a new milestone: 332,230 wallets now hold at least 10,000 XRP, according to on-chain data reported by crypto analytics platform Santiment.
This figure continues a steady growth trend that began in June 2024, reflecting a gradual accumulation of XRP among mid-to-large holders.
Confidence Behind the Scenes
According to Santiment, the rise in wallets holding significant XRP balances is an important long-term indicator. It suggests larger holders have been accumulating despite market volatility and uncertainty. Historically, growth in mid-to-large XRP wallets has signaled stronger conviction among investors who are less swayed by short-term price swings and more focused on long-term positions.
The trend is particularly noteworthy because XRP spent much of 2026 trading below its previous highs, implying that accumulation often occurred during periods of market fear rather than during rallies. Santiment also noted a temporary drop of over 4,500 wallets holding 10,000+ XRP between February 6 and 8, but found no XRP-specific event to account for the decline.
The analytics firm suggested this reduction likely coincided with a broader crypto market crash and liquidation event on February 5, which impacted many assets across the sector.
Institutional Interest
At the same time, XRP’s institutional outlook has attracted renewed attention amid ongoing discussions about U.S. crypto regulation and the CLARITY Act framework. Market participants are watching the possibility of clearer commodity classification for XRP, which some analysts say could support the development and growth of XRP exchange-traded funds (ETFs).
Since their inception, these investment vehicles have recorded combined net inflows of roughly $1.36 billion. Standard Chartered has estimated that, under favorable regulatory clarity, XRP ETFs could draw between $4 billion and $8 billion in inflows by the end of 2026.
The rising institutional focus has also increased scrutiny of XRPFi activity, where XRP is used within decentralized finance applications for lending, staking, collateral, and yield generation—further diversifying demand sources for the token.