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 ￰0￱ milestone underscores growing confidence in XRP’s long-term outlook, even as short-term market volatility ￰1￱ 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 ￰2￱ 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 ￰3￱ deep-pocketed investors continue to accumulate, it often reflects growing conviction that the asset is undervalued relative to its long-term ￰4￱ 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 ￰5￱ token’s connection to cross-border payment solutions and its alignment with ISO 20022 standards continue to make it a strong candidate for institutional ￰6￱ 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 ￰7￱ technical pattern, often associated with corrective phases, has historically preceded substantial rallies for the cryptocurrency, sparking optimism among traders and ￰8￱ key to XRP’s next move lies in its ability to maintain support within the critical $2.00–$2.20 ￰9￱ range has historically acted as a strong foundation, providing a potential springboard for upward ￰10￱ 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 ￰11￱ The record surge in wallets holding more than 10,000 XRP signals a pivotal shift in market ￰12￱ and mid-tier holders are steadily accumulating, reflecting strong confidence in XRP’s long-term potential and the attractiveness of current ￰13￱ 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 ￰14￱ 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.