XRP Price: Whale Wallets Hit All-Time High as XRP Pulls Back

TLDR

• XRP Ledger wallets holding 10,000+ XRP hit a record high of 332,230 addresses, up steadily since June 2024.
• Crypto analyst EGRAG CRYPTO published Elliott Wave targets of $7, $13, and $27 for XRP.
• 22% of XRPL validators have voted in favor of a new lending protocol, with voting still open.
• The fixCleanup3_1_3 amendment has majority validator support and is expected to activate May 27, 2026.
• XRP is trading around $1.46, with key resistance at $1.48 and a technical crossover potentially signaling a move to $1.58.

On-chain data from analytics firm Santiment shows that XRP Ledger wallets holding at least 10,000 XRP have reached a new all-time high of 332,230 addresses. The figure has been climbing steadily since June 2024, even as XRP has traded below its previous cycle highs for much of 2026.

Santiment described the trend as a long-term accumulation signal. The firm noted that larger holders have continued adding to their positions during periods of price weakness and uncertainty.

The wallet count did see one sharp decline earlier this year. Between February 6 and 8, over 4,500 wallets in this bracket disappeared, which Santiment linked to a broader crypto market selloff around February 5. The numbers have since recovered and moved above prior levels.

It’s worth noting that XRPL wallet addresses are not always one-to-one with individual investors. Exchange platforms can hold funds for many users under a smaller number of addresses.

Analyst Price Targets Resurface

Crypto analyst EGRAG CRYPTO shared a fresh Elliott Wave chart this week outlining three possible long-term price targets for XRP: $7, $13, and $27. The analysis presented two wave count scenarios — one labeled green and one labeled blue — both pointing to higher prices but taking different paths to get there.

Market analyst Neel Macro offered a more cautious view, noting that XRP is still trading in a narrow range along with the broader crypto market. Neel Macro said a move above $1.60 could improve short-term momentum, while a break above $2 may attract stronger buying pressure.

XRP touched $1.50 on May 10 and is currently around $1.46. The price has moved up from $1.34 on April 29.

Technical Setup and XRPL Amendments

From a technical standpoint, traders are watching for the 50-day simple moving average to cross above the 100-day SMA. That crossover hasn’t happened yet, and resistance at $1.48 has so far held. If XRP breaks above $1.48, the next target would be $1.58, where short-term buyers may step in once that level becomes support.

The RSI reading sits at 58, which suggests buyers still outnumber sellers at current levels.

On the network side, 22% of XRP Ledger validators have voted in favor of a lending protocol update that would bring DeFi functionality to the XRPL. Voting is still ongoing.

Separately, the fixCleanup3_1_3 amendment — a technical cleanup update — has already reached majority validator support and is expected to go live on May 27, 2026, if support holds through the required voting window.

XRP hit a cycle high of $3.36 in June 2025 before pulling back to $1.11. At $1.46 today, it sits 8.15% above a key support level of $1.35.

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