XRP Whale Accumulation Despite Two-Year Low; Range Watch
XRP is trading near a two-year low, but Santiment on-chain data points to accumulation as retail sells. Over the past three months, the number of XRP wallets holding at least 1M XRP rose by 32, while XRP market cap fell about 29%. XRP is still struggling to reclaim $1 and is moving roughly between $1.008 and $1.05.
The latest signal is broader buy pressure: Santiment also highlights accumulation in the 10M–100M XRP cohort, not just the largest whales. Traders may want to watch for continued growth in 1M+ XRP wallets, rising whale balances, and decreasing exchange-held XRP supply. A sustained move above nearby resistance could trigger the next leg, but follow-through likely depends on whether smaller holders keep selling or eventually stop.
Overall, the narrative is shifting from pure capitulation risk to a potential pre-breakout accumulation setup for XRP.
Bullish
Despite XRP sitting near a two-year low and still failing to reclaim $1, the on-chain holder composition is improving: 1M+ XRP wallets and whale cohorts (10M–100M XRP) are accumulating while retail appears to be distributing. Historically, Santiment links XRP price behavior more closely to major stakeholders than to retail flows, which supports the case for a potential upside attempt.
For traders, the short-term setup is range-based: XRP is trapped roughly between $1.008 and $1.05, so follow-through depends on whether small holders keep selling (which could limit momentum) and whether whale bids persist (which would reinforce any breakout). The XRPL ecosystem expansion and RLUSD growth add longer-horizon confidence, but the immediate edge comes mainly from XRP accumulation signals rather than fundamentals alone.