XRP is showing renewed strength as XRP Ledger wallets holding significant balances continue to rise across the network. Recent on-chain data indicate that XRP ledger wallets have witnessed significant growth, reaching a record of XRP ledger wallets with more than 10,000 XRP tokens, despite market fluctuations.
At the time of writing, XRP was trading at $1.45, with a 24-hour trading volume of $3.06 billion and a market capitalization of $89.80 billion. The asset slipped 0.57% over the past day but continued to hold above important support zones.
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XRP Ledger Wallets Hit Record 332,230 Milestone
Data from the blockchain analytics platform, Santiment, suggests that XRP Ledger wallets have touched a new all-time high of 332,230 wallet addresses having at least 10,000 XRP tokens. The increase in the number of such wallets indicates a consistent long-term accumulation trend among big XRP ledger wallets ever since mid-2024.
The trend of increasing numbers of medium-sized and large wallets usually signals confidence on the part of investors, especially those who tend to accumulate tokens for the long term rather than make quick trades. Interestingly, despite witnessing many ups and downs, the accumulation trend continues for XRP since most of 2026 has been spent below its previous high prices.
Santiment also pointed to a noticeable decline of more than 4,500 large XRP wallets between February 6 and February 8. While no direct XRP-related event was tied to the drop, the timing matched the broader crypto market selloff and liquidation wave that hit digital assets on February 5. Since then, the number of large wallets has fully recovered and moved to new record highs.
XRP Technical Analysis Eyes $1.50 Breakout Target
On the technical side, XRP has recently shown recovery as it found support near $1.4180 level. As it happens with Bitcoin and Ethereum, XRP managed to recover and has broken above the $1.4250 and $1.4320 resistance levels.
XRP climbed above the 23.6% Fibonacci retracement from the fall from its high price level of $1.4876 to its low of $1.4185. Selling pressure can be observed near the $1.4550 level, while bearish trend lines have formed near the $1.4620 resistance zone.
At the moment, XRP has been trading above the $1.4350 level and the 100-hour Simple Moving Average, indicating that bulls have defended the current price level. If this bullish trend persists, the price could challenge the $1.4550 resistance level before aiming at $1.4610, which is the 61.8% Fibonacci retracement level.
However, a breakout above $1.4610 could mean XRP moving higher towards $1.480 and $1.4880. A further push above $1.4880 could lead the price towards the $1.50 psychological resistance level and further upwards towards $1.520 in the short-term.
Meanwhile, failure to break above the $1.4620 level could see XRP reversing lower once again towards support at $1.440. Important supports remain at $1.4320 and $1.4180. A breakdown below these levels could expose XRP to additional declines toward $1.4050 and potentially $1.3880.
Technical indicators show improving momentum in favor of the bulls. The hour-by-hour MACD histogram shows increasing bullish momentum, while RSI has climbed above the 50-level.
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