XRP Whale Wallets Hit Record High as Investor Confidence Grows

The number of large XRP holders—commonly referred to as whales and sharks—has surged to an all-time high, signaling growing investor confidence in the payments-focused cryptocurrency.

According to blockchain analytics firm Santiment, more than 2,700 wallets now hold at least 1 million XRP each. This milestone marks the highest number of such wallets in the 12-year history of the asset, reflecting increased accumulation by high-net-worth investors.

XRP, the digital token used by Ripple for cross-border payment solutions, is currently trading around $2.23. While the price has remained relatively flat recently, it shows a 7% year-to-date gain, based on CoinDesk data.

In addition to whale accumulation, network activity on the XRP Ledger has seen a significant uptick. Active addresses have averaged over 295,000 per day over the past week—well above the previous three-month daily average of 35,000 to 40,000. This surge in wallet activity may reflect heightened user engagement and broader ecosystem usage.

The increased whale holdings and user activity come at a time when the broader crypto market remains uncertain, highlighting a divergence in sentiment around XRP. With growing adoption and renewed interest in Ripple’s blockchain solutions, market participants appear increasingly bullish on the long-term value of XRP.

These on-chain metrics could act as leading indicators for future price momentum, particularly if the trend of rising accumulation continues. As institutional and retail interest in utility-based cryptocurrencies grows, XRP’s unique role in cross-border payments could help it stand out in a competitive digital asset landscape.