XRP Large-Wallet Count Rises During 30% Price Slide

The number of XRP wallets holding at least 10,000 tokens increased as the cryptocurrency fell roughly 30% over seven weeks toward $1.05, according to blockchain analytics firm Santiment. The firm interpreted the divergence between wallet growth and falling prices as an accumulation signal, Bitcoin.com News reported.

The reported trend places two different measures of the market side by side: XRP’s declining price and a growing count of addresses above a specified balance threshold. While the price movement showed sustained weakness over the period, the wallet data suggested that weakness was not accompanied by a shrinking population of qualifying addresses.

The 10,000-token threshold is central to the observation, but it measures wallets rather than individual investors. A wallet count alone does not establish how many separate owners are represented, whether an owner controls multiple addresses or what motivated any changes in balances during the period.

Santiment’s accumulation interpretation therefore provides a reading of the divergence rather than confirmation of a coming price recovery. An increase in qualifying wallets can be consistent with accumulation, but the information supplied does not establish the total amount purchased or show whether buying was concentrated at particular prices.

The distinction matters because the number of wallets above a threshold and the total tokens held by that group are separate measures. Growth in the former does not, on its own, quantify changes in the latter, leaving limits on how much can be concluded about the scale of the reported activity.

The roughly 30% decline over seven weeks also shows that the increase in large-wallet participation did not prevent a substantial fall in XRP’s market price. The two trends occurred together, underscoring why the wallet observation should not be treated as evidence that selling pressure had already ended or that a reversal had begun.

With XRP moving toward $1.05 in the report, $1 emerged as the immediate price level to defend. That level frames the near-term market question, but identifying it as important does not establish that buyers will hold it or that a move below it would follow a predetermined course.

The supplied account does not include the starting and ending wallet counts, exact observation dates or a detailed breakdown of balance changes. Those omissions limit the ability to assess the size and timing of the divergence beyond Santiment’s reported direction of travel and the approximate price decline.

The next test for the accumulation interpretation is whether continued wallet growth is accompanied by greater price stability, particularly around $1. For now, Santiment’s observation offers a counterpoint to XRP’s recent losses, rather than proof that the decline is over or that a sustained recovery is underway.