XRP ‘millionaire’ wallets rise on ‘encouraging sign’
The number of XRP wallets holding more than 1 million tokens is gradually increasing at the beginning of the year and may bode well for the asset's long-term prospects, according to crypto analytics platform Santiment.
“XRP's price is down a modest -4% since the start of 2026, but ‘millionaire' wallet size is increasing for the first time since September,” Sentiment said in a post on Wednesday.
Crypto traders often track large-cap stocks, using them as a sign of where the asset's price may be headed in the future.
Since January 1, Santiment says 42 additional XRP (XRP) wallets with more than 1 million tokens have been “back on the books”.
Santiment said this is an “encouraging sign for the long term”. According to CoinMarketCap, when XRP is trading at $1.87, 1 million tokens is roughly equivalent to $1.87 million.
Meanwhile, the stock of XRP by “smart money” traders, which is considered the return of the most successful traders in the industry, has increased by 11.55% in the last 30 days, Nansen.
Analysts are divided on XRP's movement in the coming weeks.
However, crypto analysts seem to have different views on where XRP is headed next.
Crypto trader CW said in an X post on Wednesday that XRP “could soon cross the selling wall.”
“Net buying continues to be strong, and the trend is changing,” said CW, if the selling wall is broken, the price may rise to $2.30.
At the same time, asset manager 21Shares recently said that XRP's multi-year compression pattern and “sharp unpredictable events,” combined with growing regulatory transparency and institutional support, could leave the network “prime for continued price appreciation.”
However, SwiftX lead analyst Pav Hundal recently told the magazine that the “caution” on XRP is that “further quote will be very dependent on the narrative.”
RELATED: XRP Price ‘Lift' To $10 Times Could Take, Traders Say
Hundal argued that XRP's price could come under pressure in the near term if there are “pleasant surprises” around the US CLARITY Act voting process.
Other signs show that the overall market is struggling and is still largely focused on Bitcoin.
CoinMarketCap's Altcoin Season Index currently shows a “Bitcoin Score” of 31 out of 100, indicating that Bitcoin has outperformed most of the top 100 altcoins over the past 90 days.
The Crypto Fear and Greed Index, which measures overall crypto market sentiment, posted a “fear” score of 26 in its Thursday update, indicating investors are taking a cautious approach to the crypto market.
Magazine: 6 Weirdest Devices People Used to Mine Bitcoin and Crypto
