XRP Wallets Holding Over 10,000 Tokens Hit Record High Amid Price Recovery

XRP has shown some signs of recovery over the past 48 hours, climbing about 5.3% from its recent low, according to on-chain analytics platform ￰0￱ rebound comes as investor confidence appears to be returning, as it coincides with a steady rise in mid to large-sized XRP holders. Particularly, on-chain data shows that the XRP ecosystem now has more than 317,500 wallets holding at least 10,000 XRP tokens for the first time in its ￰1￱ Reading: Bitcoin Plunges To $105k As Investors Shift To Gold After Crypto Carnage Mid To Large XRP Holders Reach Record 317,500 Wallets Despite XRP’s recent price woes alongside the rest of the crypto market, on-chain data shows that XRP’s holder base is increasing among crypto investors.

Notably, Santiment’s latest data shows that the number of XRP wallets holding at least 10,000 tokens has reached an all-time high of approximately 317,500. Santiment’s data chart, as shown below, indicates that XRP’s network has added approximately 1.8% more wallets holding 10,000 or more tokens in just the last thirty days. Interestingly, Santiment’s data further shows that the upward slope of this metric has been consistent throughout ￰2￱ increase in mid-sized and large wallet count shows that many XRP investors are not concerned about the recent price dips. Instead, many of them are taking advantage of lower prices to strengthen their ￰3￱ such, a growing segment of investors are buying XRP for long-term gains rather than short-term price action.

XRP, which is currently hovering around the $2.35 range, may benefit from this growing base of committed holders in the long ￰4￱ price trajectory now depends on its ability to sustain momentum above $2.3. If the bullish on-chain sentiment translates into consistent buy pressure, XRP could extend its rebound and target at least $2.8 before the end of the week. However, if momentum stalls, the price may enter another downward phase before an upward move. Nonetheless, the record growth in wallets holding over 10,000 XRP provides a strong long-term foundation that may support the cryptocurrency’s value in the coming ￰5￱ of 10K+ XRP Wallets.