XRP's largest wallets are accumulating while its smallest are pulling back, according to fresh on-chain data. The divergence comes as XRP spot ETFs draw inflows and XRP Ledger validators prepare to vote on network upgrades.
Large XRP wallets are accumulating even as the smallest holders retreat. On-chain data from Santiment, dated July 22, 2026, shows wallets holding between 100,000 and 100 million XRP raised their positions by 2.8% over the preceding five weeks. Micro wallets holding less than 0.01 XRP cut their balances by 5.2% in the same period.
Since January 2026, a net 42 new wallets holding at least 1 million XRP have appeared on the ledger. XRP's price sat above $1.16 after that accumulation window.
That 5.2% decline among micro wallets could reflect several dynamics. Some small holders may be consolidating into larger wallets, which would overstate the apparent exodus, while others may be rotating out of XRP into other assets.
Beyond on-chain flows, XRP spot ETFs recorded inflows of approximately $5.09 million on July 21. On the regulatory side, Ripple's CEO has urged passage of the CLARITY Act, legislation aimed at providing clearer guidelines for digital assets.
Further out, validators on the XRP Ledger are expected to vote on upgrades that would introduce batch transactions and confidential transfers. Batch transactions would let multiple operations process in a single ledger entry, improving throughput and reducing costs, while confidential transfers would add a privacy layer that enterprise users in payments and trade finance have long requested.
Source: Crypto Briefing
Trading involves risk.
Risk Disclaimer
