XRP Millionaires Hit Density High; Price Nears Checkpoint

Ripple’s native XRP Ledger just reached a new all-time high (ATH) in millionaire wallets. Judging from the latest Santiment data, XRP now has 2,147 wallets holding at least 1 million XRP coins, the highest count of 2026. That specific part of the XRP rich-list has grown by 28 new crypto wallet addresses in just 10 days.

Growth from the top tier of the XRP rich-list is surely encouraging, as long-term holders have longer time horizons. A gradual spike between 1M+ XRP wallet balances during XRP’s price downturns suggests “large balances are being built rather than disappearing”, Santiment Intelligence concludes on X.

With the XRP millionaire wallet count now exceeding 2,140, it’s crucial for XRP’s bulls now to wait for confirmation above the $1.25 range. Next is the restoration of psychological resistance levels going from $1.30 to $1.50, with $1.40 acting as the midpoint that hosts several estimated averages & historical thresholds.

From a technical point of observation, XRP’s price is retesting the third, corrective Elliott Wave on the one-day crypto price charts. Analysts from More Crypto Online marked the Elliott Wave structure with Fibonacci retracements: If the $1.29 checkpoint holds, the corrective 3-wave pullback is complete & the first confirmation is a break above the last swing high of ~$1.35.

Zooming into the smaller-scale XRP charts, DailyCoin’s research team navigated through a few crucial on-chain metrics to indicate if big-time investors are carrying the same trend beyond the XRP millionaire club. With XRP’s price finding itself at $1.29, that’s nearly three cents above the Smoothed Moving Average (SMA), presented in purple in the 4-hour XRP price chart below.

The more telling metric remains the Chaikin Money Flow (CMF). Flashing 0.13, this hints at a wider big-time investor belief that they have already captured XRP’s local bottom. With the bulls now waiting for confirmation at the Red-Label Bollinger Band (BOLL) around $1.35, the current focus revolves around XRP’s ability to close the day above $1.29, aligning with the Triple EMA.

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