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Home»Altcoin
Altcoin

XRP “Millionaire” Wallets Reach Four-Month High Despite Price Decline

News RoomBy News RoomJanuary 29, 2026No Comments4 Mins Read
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XRP Whales Are Accumulating: What’s Driving the Surge?

In recent updates surrounding Ripple’s XRP, wallet activity indicates a captivating trend. Despite a continuous decline in the token’s value since the start of 2026, the number of wallets holding at least one million XRP tokens has seen a notable increase. The resurgence of these “millionaire” wallets, last observed in September 2025, suggests a growing confidence among XRP whales. Data from Santiment confirms that 42 new millionaire wallets have surfaced this month, bringing the total to 2,016, which bodes well for XRP’s long-term prospects.

Understanding the Whale Accumulation

The increase in wealth accumulation among XRP whales is intriguing, especially as the token has diminished by roughly 4% over the same period. The latest data points to an uptick in “smart money” traders, who have increased their XRP holdings by over 11% in the past month, according to Nansen. Large holders’ movements are closely monitored, as they often presage market trends. This phenomenon is critical for investors trying to anticipate potential price movements and make informed decisions.

The Impact of XRP ETFs

A significant contributor to the confidence seen among XRP whales is the impressive performance of XRP-backed exchange-traded funds (ETFs). These funds have recorded a noteworthy net inflow of $91.72 million just this month. Additionally, they attracted $666 million and $499 million in investor funds in November and December, respectively, as reported by SoSoValue. Such robust interest in XRP ETFs highlights the demand and potential market growth surrounding XRP, further encouraging whale accumulation.

Ripple’s New Initiatives and Market Sentiment

In a strategic move to bolster its offerings, Ripple recently announced the launch of its "Ripple Treasury" solution. This innovative platform, powered by GTreasury, merges cryptocurrency, cash, and treasury management into a single dashboard. Such advancements have injected positive sentiment into XRP’s market ecosystem, promoting further accumulation among whales who are eager to boost their stakes in Ripple.

Price Predictions and Market Speculation

In the context of fluctuating prices, asset manager 21Shares has projected that XRP could experience a significant rally, potentially increasing its value by 25% to hit $2.69. Currently trading between $1.88 and $2, Ripple’s price movement remains a talking point among analysts. Matt Mena, a crypto researcher at 21Shares, underscores that rising demand for XRP ETFs might serve as a catalyst for this anticipated upward momentum, especially following last year’s resolution of a key lawsuit, which paved the way for ETF launches. Nearly $1.3 billion in inflows since that decision suggests a recovering market sentiment toward XRP.

Institutional Interest and Future Outlook

Further supporting the optimistic outlook is the growing activity on the XRP Ledger, particularly from institutional players interested in managing and issuing real-world assets like bonds and equities. This burgeoning interest signals robust use cases for XRP, positioning it as a viable player in the broader financial ecosystem. Additionally, the performance of XRP’s stablecoin, RLUSD, as a liquidity vehicle strengthens the argument for XRP’s potential upswing. Given these factors, there is a palpable sense of anticipation surrounding XRP’s future, as whales continue to accumulate, aligning their interests with potential market breakthroughs.

Conclusion

The developments surrounding XRP indicate a mixture of cautious optimism and strategic positioning among major holders. As whale accumulation rises, driven by confidence in XRP ETFs and Ripple’s new initiatives, the landscape for this cryptocurrency is evolving. Market participants, including both retail and institutional investors, are keenly observing trends that could dictate XRP’s future trajectory. Whether these developments will result in a significant price rally remains to be seen, but the current uptick in whale activity and institutional engagement presents a promising narrative for the digital asset.

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