XRP Alert: 10k-Holder Count Hits ATH — Descending Channel, Breakout Looms

XRP Whale and Mid-Tier Wallets Hit All-Time High as Accumulation Strengthens

According to leading on-chain analytics platform Santiment, wallets holding 10,000 or more XRP have reached an all-time high of over 317,500 addresses, signaling intensified accumulation among whales and mid-tier investors. 

This milestone underscores growing confidence in XRP’s long-term outlook, even as short-term market volatility persists.

The data show that both whales and mid-tier investors are aggressively accumulating XRP despite recent price swings, a clear sign of growing confidence in its long-term potential. 

Therefore, this steady accumulation often precedes major market moves, suggesting informed investors are positioning early for a potential breakout.

XRP’s price has rebounded by approximately 5.3% in the past 12 hours after finding a local bottom, highlighting renewed buying activity at lower levels. This modest but significant uptick aligns with the increasing wallet counts, reinforcing the narrative that accumulation is providing a solid demand floor.

Historically, spikes in wallet growth among large and mid-sized holders have preceded notable price recoveries in XRP and other major cryptocurrencies. 

When deep-pocketed investors continue to accumulate, it often reflects growing conviction that the asset is undervalued relative to its long-term fundamentals.

Beyond short-term price movements, the expanding base of large holders could signal a structural shift in market sentiment, with investors increasingly viewing XRP as a strategic asset tied to real-world utility. 

The token’s connection to cross-border payment solutions and its alignment with ISO 20022 standards continue to make it a strong candidate for institutional adoption.

XRP Eyes Potential Rebound Amid Descending Channel Formation

According to market analyst Degen Profit, XRP is currently trading at $2.37, showing signs of cautious consolidation within a descending channel. 

This technical pattern, often associated with corrective phases, has historically preceded substantial rallies for the cryptocurrency, sparking optimism among traders and investors.

The key to XRP’s next move lies in its ability to maintain support within the critical $2.00–$2.20 zone. This range has historically acted as a strong foundation, providing a potential springboard for upward momentum. 

Should buyers successfully defend this level, XRP could be positioned for a rebound toward the next resistance at $2.72. A successful breach of this level could open the door to further gains, with $3.32 emerging as a significant target for mid-term bullish momentum.

Therefore, market sentiment has turned cautiously bullish as traders track XRP’s support levels, volume trends, and broader crypto movements. A rebound could gain momentum if Bitcoin and Ethereum recover, potentially sparking a wider altcoin rally.

Conclusion

The record surge in wallets holding more than 10,000 XRP signals a pivotal shift in market dynamics. Whales and mid-tier holders are steadily accumulating, reflecting strong confidence in XRP’s long-term potential and the attractiveness of current prices. 

As buying pressure grows and network participation expands, XRP’s foundation strengthens, setting the stage for a sustained, conviction-driven bullish phase led by the asset’s most influential stakeholders.

Notably, XRP sits at a pivotal $2.00–$2.20 support zone. Holding this level could spark a rebound toward $2.72, and potentially $3.32, as buyers step in within the descending channel, setting the stage for a bullish turnaround despite short-term volatility.