New data from Glassnode reveals that over 300,000 XRP wallets now each hold more than 10,000 XRP, marking an all-time high. This surge reflects robust investor accumulation, seen as a signal of growing confidence in XRP amidst a consolidating crypto market.
Although Ripple Labs has not commented on this milestone, analytics suggest that wealthier investors are increasingly accumulating XRP. Within just five days, these large wallets added approximately 20 million XRP in value, underscoring prevailing optimism among holders.
Crypto analysts, referencing historical trends, note that similar phases of accumulation have previously preceded price upticks for XRP, with some predicting a short-term breakout. While there have been no significant institutional activity changes or regulatory updates, on-chain data and positive sentiment on social media continue to fuel expectations for potential price appreciation.