XRP Ledger whales holding more than 1 million tokens hit a multi-month peak
As XRP price dropped below a crucial psychological support level around $1 for the first time in 2026 this week, on-chain data shows large holders, XRP Ledger (XRPL) wallets with a balance of more than 1 million tokens, have gradually increased and reached a multi-month peak. The number of XRP’s large holders was at 2,038 at press time, according to data from Santiment that Finbold analyzed on August 12. These million-XRP wallets have increased by 32 over the past three months. Number of XRPL wallets with over 1 million XRP. Source: Santiment. The recent spike in XRPL’s whales to a multi-month peak has coincided with the token’s capitulation below $1 for the first time since November 16, 2024. As such, the conviction rate among deep-pocketed investors has surged, with a likelihood of a reversal pattern happening. “When million-XRP wallets rise while market cap falls, stronger hands are absorbing panic, patience is replacing simple price-related hype, and fut...