XRP is showing signs of a price recovery as the number of wallets holding at least 1 million XRP reaches its highest level in 2026.
According to analytics platform Santiment, there are now 2,147 wallets holding at least 1 million XRP. This is the highest number recorded this year.
Santiment reported that 28 new wallets joined this group over the past 10 days, with 18 added in just the last three days. This suggests that large XRP holders may be buying more tokens despite the recent price decline.
Meanwhile, analyst Ali Martinez noted that XRP has broken above the upper Bollinger Band on the four-hour chart, pointing to increasing buying pressure.
Why the Increase in Millionaire Wallets Matters
The growing number of wallets holding at least 1 million XRP is a positive sign for the asset. Large holders have longer-term investment plans than short-term traders. Their increasing numbers during a price decline suggest that some investors are taking advantage of lower prices to accumulate more XRP.
Santiment has identified the $1.20–$1.25 range as an important support area. According to the platform, XRP’s outlook remains positive if the price holds this range and the number of wallets holding at least 1 million XRP stays above 2,140.
XRP Network Growth Adds Another Positive Sign
XRP is also showing signs of increased network activity. Santiment recently reported that the XRP Ledger recorded 7,934 new wallets on November 1. This was the sixth-highest daily wallet creation figure of 2026.
Interestingly, this happened on a Sunday, when network activity is usually quieter. Santiment suggested that the recent Binance hack may have encouraged some crypto users to move their funds into personal wallets instead of leaving them on exchanges.
The analytics platform also noted that increased wallet creation while XRP trades around $1.16 could be an encouraging sign for the network. According to Santiment, consistently recording more than 4,000 new wallets daily would indicate healthy network growth.