The number of wallets holding at least 10,000 XRP has kept rising while the token's price fell roughly 30% over seven weeks. Santiment reads the pattern as accumulation by large holders, with XRP now trading just above $1.
Wallets holding at least 10,000 XRP grew by 16,815 over the past nine months, according to on-chain analytics firm Santiment. That is a 5.15% increase and brings the total to approximately 343,500 as of November 11, 2026.
The price moved the other way. XRP fell roughly 30% over seven weeks and settled around $1.05, close to the $1 mark traders treat as a line in the sand.
Bigger holders keep adding
On November 11, XRP traded between $1.06 and $1.07, after sitting above $1.25 earlier in the month. Meanwhile, wallets holding 1 million XRP or more reached 2,147, a new high for 2026.
That group added 28 new addresses in ten days through early November. Wallets holding at least 10 million XRP controlled about 68.5% of the total supply as of early November, or 46.87 billion tokens, the largest share since late 2022.
Why Santiment sees accumulation
Santiment analysts suggest that when large-holder addresses expand during price weakness, it reflects deliberate accumulation by significant investors rather than a mass exodus of retail holders. If big holders were selling, the count of large wallets would likely shrink as they distribute tokens to the broader market.
However, the metric has a limit. Wallet counts track addresses, not people, so a single entity can control many wallets and shuffle funds between them.
Santiment's own framework would read a rollover in these numbers, while the price stays weak, as large holders beginning to cash out.
Source: Crypto Briefing
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