XRP wallet growth surges: rising million-XRP holders signal bullish trend

The number of wallets with 1 million XRP has begun to rise again, signaling increased accumulation among large holders and renewed investor confidence in the cryptocurrency. This uptick reflects shifting market dynamics and growing interest in XRP despite recent regulatory challenges.

XRP wallets with million-token holdings increase

Following a period of relative stagnation, the count of wallets holding at least one million XRP surged notably in January 2026. Data from blockchain analytics firms show a steady month-over-month rise starting mid-Q4 2025, with significant growth observed in the past weeks.

This pattern indicates renewed buying activity by high-net-worth individuals and institutional players betting on XRP’s long-term prospects. The rise is particularly striking given XRP’s price stability in the 50-cent range, suggesting accumulation is driven by fundamentals rather than speculative trading.

Underlying factors driving accumulation

Several factors contribute to the surge in million-XRP wallets. Firstly, clarifications in regulatory policies have alleviated some uncertainty surrounding Ripple Labs and its XRP token. The latest court decisions in late 2025 provided partial wins for Ripple, improving market sentiment.

Secondly, the expanding use cases for XRP in cross-border payments and decentralized finance (DeFi) platforms have bolstered its utility value. Investors seem encouraged by Ripple’s ongoing partnerships with financial institutions worldwide, providing confidence in XRP’s adoption trajectory.

• Regulatory headwinds eased with favorable court rulings
• Increased institutional interest as XRP integrates more in payment networks
• Steady price range enabling accumulation without spike-driven volatility

Market impact of rising large-holder concentration

The growing concentration of XRP in large wallets can have mixed implications for the broader market. On one hand, accumulation by whales can reduce circulating supply, contributing to upward price pressure over time. On the other, heightened concentration may lead to volatility risks if large holders decide to liquidate rapidly.

Blockchain analysts emphasize watching wallet activity trends closely, as million-XRP holders often influence market liquidity and sentiment. Currently, the controlled accumulation suggests strategic positioning rather than speculative cycles.

Whale behavior and price correlation

Historically, spikes in million-XRP wallets have preceded bullish price runs. For example, in mid-2024, a similar surge coincided with XRP’s rally from $0.30 to nearly $0.70. Traders monitoring these wallets view them as an early indicator of trend reversals or sustained rallies.

Technical indicators align with accumulation phase

Technical charts corroborate the accumulation thesis. XRP’s Relative Strength Index (RSI) has remained in neutral to slightly oversold territory during the wallet increase, suggesting buyers are entering without creating overbought conditions.

“The rising number of million-XRP wallets indicates a solid foundation being laid amid sideways price action,” says fintech analyst Maria Lopez. “This accumulation phase often precedes significant upward moves when broader market catalysts emerge.”

Volume analysis similarly shows consistent inflows into XRP exchanges correlated with wallet growth, reinforcing the narrative of measured buying rather than panic-driven spikes.

Implications for investors and future outlook

For investors, the rise in million-XRP wallets reinforces the importance of monitoring blockchain wallet distributions as key sentiment metrics. The current accumulation phase highlights potential for moderate, sustainable price appreciation.

Looking ahead, XRP’s trajectory will likely hinge on regulatory developments, adoption momentum, and broader crypto market trends. Investors should weigh the stronger institutional accumulation against ongoing macroeconomic uncertainties.

In summary, the growth in XRP wallets holding 1 million tokens signals a positive shift in whale behavior and could presage a renewed bullish phase for XRP, making it an important trend for market participants to watch closely.