According to Santiment, the number of XRP wallets that hold more than one million tokens is steadily increasing. This could be a good sign for the long-term prospects of this asset.
“XRP’s price is down a modest -4% since the start of 2026, but its amount of ‘millionaire’ wallets are rising for the first time since September,” Santiment said In a Wednesday post.
Crypto traders track the accumulation of big holders, and use this as a guide for future price movements.
Santiment has said that it will be releasing 42 additional XRPs (XRPOver 1,000,000 tokens in wallets has been accounted for “returned to the ledger” From Jan.
Santiment stated that this is “an encouraging sign for the long term”. XRP was trading for $1.87 as of the date this article was published, so 1 million tokens are equivalent to approximately $1.87million. according CoinMarketCap is a great place to start.
Meanwhile, XRP accumulation by “smart money” Over the past thirty days, the returns for traders have risen by 11.5%. according Nansen.
Analysts are divided on XRP’s future movement
Crypto analysts seem to differ on the future direction of XRP.
Cryptotrader CW said On Wednesday I posted that XRP was looking more likely. “to break through the selling wall soon.”
“Net buying remains strong, and the trend is reversing,” CW said that if the wall of the sale is breached, then the price may rise as high as $2.30.
21Shares has also recently launched a new asset management company. said XRP has a pattern of compression that spans multiple years. “sharp uncoiling events,” The network may be affected by the growing clarity of regulatory requirements and support from institutions “primed for continued price appreciation.”
Pav Hundal, Swyftx’s lead analyst recently told Magazine It is “caution” On XRP, is it that? “further upside becomes too reliant on narrative.”
Related: XRP price ‘liftoff’ to $10 may take time, traders say
Hundal argued XRP’s price may face pressure near term if the market is impacted by a number of factors. “any unpleasant surprises” The voting process for the US CLARITY Act.
There are other signals that the market as a whole is in trouble and still dominated by Bitcoin.
CoinMarketCap Altcoin Season Index The current shows currently a “Bitcoin score” Bitcoin outperformed most altcoins in the Top 100 over the last ninety days, according to a 31/100 score.
The Crypto FeAr & Greed Index, which measures overall crypto market sentiment, posted a “fear” In its latest update on Thursday, the score was 26. This indicates that investors have a conservative approach towards crypto.
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Source: cointelegraph.com
