Despite declining wallet addresses and prices, XRP whales still hold a staggering amount of the token, now at a level last seen seven years ago.
Notably, Santiment recently spotlighted a fascinating trend among XRP whale wallets in recent weeks. While the number of whale and shark addresses declined, the weight of their holdings has persistently trended upward.
Historic Hold Despite 569 Fewer Wallets
The market intelligence platform shared that wallets holding at least 100 million XRP tokens have shrunk by 569 addresses in the past 8 weeks, representing a 20.6% drop. By the end of September, about 2,757 wallets held 100 million XRP or more, but recent data shows that this figure has dropped to 2,189 addresses.
Notably, this data suggests that these whales may either be selling amid recent price underperformance or merging their balances to concentrate their bags within fewer addresses. However, if the decline came from actual sales, the market would observe a dip in overall holdings.
Nonetheless, the holdings among these whales have ticked up instead. In fact, Santiment data shows that these 100M+ XRP whale accounts now hold their highest cumulative balance since 2018. Specifically, their stash stands at a seven-year high of 48 billion tokens.
The increased holdings among this unique caliber of whales reassure enthusiasts that whales are still keen on XRP despite the recent downtrend. Such a contrasting accumulation drill adds to the growing demand for XRP as ETFs enter the fray, sparking speculations of a bullish price move.
TD Sequential Says Buy XRP
Meanwhile, supporting this bullish development is a technical signal suggesting XRP may have bottomed. A parallel analysis by Ali Martinez identified a buy opportunity for the cryptocurrency, even as it holds above the psychological $2 support level.
$XRP just printed a TD Sequential buy signal on the weekly chart.
Rebound incoming!? pic.twitter.com/lqriD7QrMs
— Ali (@ali_charts) December 1, 2025
Martinez highlighted a buy signal on the XRP weekly chart using the TD Sequential indicator. For the uninitiated, the technical indicator identifies possible price trend exhaustion using bars numbering between 1 and 9.
The buy signal printing on a higher timeframe further reinforces its credibility. While prices may look weak on lower timeframes, the TD Sequential suggests that a rebound could eventually happen for the XRPL native token.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
