Fearless XRP Holders: Meet the Wallets Holding 1,000,000+ XRP

Despite the continued market slump, whales that hold big XRP shares are demonstrating signs of confidence again. As per new data from Santiment, the number of addresses with 1 million XRP or more has increased slightly, even though the token price continues to battle recent declines.

Price Struggles After a Volatile March Spike

XRP experienced a sharp rally on March 2, surging 34% in a single day after former President Donald Trump announced his crypto reserve strategy. However, the momentum was short-lived. On March 3, the token dropped nearly 19%, kicking off a prolonged period of price decline. Since then, XRP has lost approximately 30% of its value and has had difficulty maintaining a stronghold above the $2 mark.

Whale Count Rises to 2,635 Addresses

Despite the bearish price action, the number of addresses holding at least 1 million XRP has grown from 2,633 on March 2 to 2,635 currently, showing a net gain of two new whale wallets. These wallets are viewed as key indicators of market sentiment, and their continued presence suggests optimism about a long-term recovery.

Breakdown of Whale Holdings

Santiment’s data provides a detailed look into these top-tier XRP holders:

• 1M to 10M XRP: These addresses form the majority, with 2,133 currently active—down slightly from 2,136 earlier.
  
• 10M to 100M XRP: This group grew from 301 to 307 addresses, showing increased activity among mid-tier whales.
  
• 100M to 1B XRP: The count dropped from 37 to 35, indicating some consolidation.
  
• 1B+ XRP: This ultra-high tier rose by one, reaching 159 addresses now holding more than 1 billion XRP each.
  

Though some tiers saw minor reductions, the overall whale population remained strong, reflecting continued trust in XRP’s long-term prospects.

Whales Accumulate Over 1.26 Billion XRP

More than just holding steady, these whales have actively increased their holdings. On March 2, they collectively held about 45.44 billion XRP. As of the latest data, this figure has grown to 46.7 billion XRP—a net accumulation of 1.26 billion tokens during the recent market slump.

This growing stash further strengthens the case that large investors are preparing for a potential rebound, viewing the current price dip as a buying opportunity rather than a cause for panic.

Steady Growth Throughout the Year

Looking at the broader trend, whale activity has consistently grown in 2024. On January 1, addresses holding 1 million XRP or more totaled 2,482. With the current number at 2,635, that’s an increase of 135 whale wallets year-to-date. Between January 25 and March 25 alone, there was a rise of 36 such addresses.

Conclusion: Quiet Confidence Amid Chaos

While XRP’s price continues to face headwinds, the subtle rise in whale addresses and accumulation volumes highlights a quiet but firm belief in the token’s potential. Though the net growth in addresses may seem modest, it sends a clear signal: major XRP holders are not backing down.