XRP’s Recent Struggles and the Surge in Millionaire Wallets: A Sign of Growing Confidence?

• XRP’s millionaire wallets grow, signaling potential recovery despite price struggles.
• Large investors accumulate XRP, hinting at a future price rebound.
• Whale activity rises as retail sentiment remains cautious, sparking optimism.

XRP has faced its share of challenges in early 2026, with its price dipping by 4% since the start of the year. While this might seem like a minor drop, it reflects broader market uncertainty, following the general decline seen in cryptocurrencies. Despite the overall market sentiment leaning toward caution, XRP’s on-chain data tells a different story, one of significant growth among high-value holders. According to recent data, wallets holding at least one million XRP have seen a notable increase, marking a shift in the behavior of large-scale investors.

For the first time since September, there has been a net gain of 42 millionaire wallets. This indicates a clear trend of accumulation among larger investors, even as retail traders remain cautious. Such developments often signal that big players are quietly building positions, waiting for the right moment to capitalize on future price surges. Historical patterns show that similar rises in millionaire wallet counts often precede positive price movements.

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XRP’s current price struggle and the rising number of wealthy holders suggest that XRP might be entering an accumulation phase rather than a distribution one. While short-term traders continue to react to market volatility, these larger investors are holding steady. This could set the stage for a potential rebound, particularly if the broader crypto market stabilizes and sentiment improves.

A Divergence Between Price and Whale Activity

Interestingly, while XRP’s price remains below crucial moving averages, which act as resistance levels, the expansion of millionaire wallets provides an optimistic outlook for the long-term. Although the market remains neutral to slightly bearish, this activity suggests that the asset’s fundamentals are resilient. Large investors are absorbing liquidity during market dips, indicating strong underlying demand for the token despite short-term pressures.

Source: Tradingview

The current trend in XRP shows a contrast between retail sentiment and the actions of institutional players. While retail traders may be on the sidelines, the increase in whale accumulation hints at growing confidence in the asset’s future potential. This type of behavior aligns with periods of market correction, where major investors position themselves ahead of potential rebounds.

If this trend continues, XRP may find itself in a stronger position as it begins to break above recent resistance zones. Despite the absence of a confirmed breakout, the growing number of millionaire wallets signals that XRP could be preparing for a long-term recovery. Investors watching these developments closely may see this as an early indicator that XRP’s journey through its current corrective phase might soon be over.

Also Read: 3,340,000 XRP In One Week Raises Retail Panic Debate

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