Key Highlights
- The number of XRP holders has risen consistently over the past year to 8.66 million.
- XRP has fallen about 30% in seven weeks and 18.75% over the past week amid broader market pressures.
- Analysts are watching the $1.00 level, with continued whale accumulation potentially supporting a recovery toward $1.10 to $1.15.
XRP Holder Growth Continues Despite Sharp Price Decline
The total number of XRP holders has continued to increase over the past year, reaching 8.66 million, according to data cited by Santiment Intelligence. The growth in wallet ownership has taken place even as XRP has faced significant selling pressure in the market.
XRP’s price has declined by about 30% over the past seven weeks and dropped 18.75% during the most recent week. The negative momentum has been linked to hotter-than-expected US inflation, a sell-off in technology and artificial intelligence stocks, and Democrats securing majority seats in both the House and Senate.
Additional pressure came from a recent Binance hack involving almost $300 million in XRP. Institutions have also sold approximately $18 million in XRP exchange-traded funds over the past two days, adding to concerns about short-term demand for the cryptocurrency.
Whale Accumulation Offers a Potentially Bullish Signal
Data cited by CoinMarketCap indicates that a key opinion leader and former Ripple executive halted his XRP purchases, pointing to low risk tolerance as the reason for selling more than 88% of his XRP holdings. The decision highlights the contrast between reduced confidence among some prominent holders and continued overall growth in the XRP holder base.
When holder and market activity are assessed alongside XRP’s falling price, Santiment describes the pattern as an “encouraging divergence”. Historically, this type of divergence can be bullish when large-capital traders continue absorbing selling pressure instead of exiting alongside retail investors.
XRP Price Prediction: Why the $1.00 Level Matters
The $1.00 price level has become the key threshold for XRP. If sharks and whales maintain their accumulation trajectory, XRP remains above $1, and Bitcoin prices stabilize, XRP could recover toward the $1.10 to $1.15 range.
However, the market could face additional short-term selling if wallet growth turns negative while XRP falls below $1. If retail fear, uncertainty and doubt subside, XRP may begin to recover and retest the psychologically important $1.00 support level.
Why This Matters
The combination of expanding XRP ownership and declining price creates an important market signal for investors tracking adoption versus short-term momentum. Continued holder growth may indicate that participation in the XRP ecosystem is broadening, while whale accumulation could help offset selling pressure. The next major developments to watch are whether wallet growth remains positive, whether XRP can hold above $1, and whether Bitcoin prices stabilize.
Frequently Asked Questions
How many XRP holders are there?
The total number of XRP holders has reached 8.66 million, according to data cited by Santiment Intelligence.
How much has XRP fallen?
XRP is down about 30% over the past seven weeks and 18.75% over the past week.
What XRP price levels are being watched?
The $1.00 level is the key support threshold. If XRP holds above $1 while large holders continue accumulating and Bitcoin stabilizes, the price could potentially recover toward $1.10 to $1.15.
