XRP addresses holding at least 1 million tokens have climbed to 2,147, their highest level of 2026, according to data from blockchain analytics firm Santiment. The large-wallet count added 28 new addresses in just 10 days, including 18 in the past three days, marking an acceleration that stands out while XRP's price remains well below its recent highs.
Santiment's data shows a divergence between price and large-holder behavior. XRP traded above $1.60 in September before sliding into a $1.20–$1.30 range. On November 4, XRP was up about 2% to around $1.27, yet the number of millionaire wallets continued to rise through the price weakness. This is the highest count since December 2025 and above previous 2026 peaks.
The trend is being interpreted by some market participants as a sign that large balances are being built rather than reduced. Because an address needs roughly $1.27 million worth of XRP to enter the 1M+ token club at current prices, additions to this group represent a meaningful shift in the distribution of large balances. However, Santiment and analysts caution that wallet-count data has limitations: one investor can control multiple addresses, exchanges and custodians can redistribute tokens, and the metric does not reveal whether new large wallets reflect fresh accumulation or internal transfers.
Analysts are watching key price levels. Santiment identifies the $1.20–$1.25 area as important for the longer-term setup. A sustained move above $1.30, followed by $1.40, while the 1M+ wallet count stays above roughly 2,140, would provide stronger confirmation that accumulation is supporting price. For now, XRP remains far from a confirmed breakout, but the latest on-chain figures give bulls evidence that large balances are increasing rather than leaving the network.
