The latest on-chain data shows that approximately 317,500 XRP wallets hold over 10,000 tokens, setting a new historical high, indicating strong confidence among Large Investors, which may pave the way for a price rebound.
In the digital currency market, in addition to price fluctuations, monitoring “who is buying and who is holding” is equally important. In the case of XRP, the latest data shows that the number of large investor wallets holding 10,000 or more coins has surpassed the historical high, becoming a recent market focus.
Why are the holdings of large investors on-chain worth paying attention to?
The so-called large investor holdings usually refer to wallet addresses with a large amount of funds and significant holdings. When the number of these addresses increases, it indicates that more strong capital is entering, which may constitute a “support” or “bottom” signal for the price. For beginners, this indicator carries more “structural significance” than the daily price fluctuations.
Data Revealed: Why Did Wallets Holding Over 10,000 XRP Surge?
According to data from platforms like Santiment, the number of wallets holding over 10,000 XRP tokens has reached approximately 317,500. This figure is not only a historic high but has also increased by about 1.8% over the past month. This indicates that more and more wallets are either adding to or maintaining their holdings within this range, suggesting that accumulation is underway.
The motivations and market logic behind large investors’ accumulation
- Low-position layout: When some investors believe that the temporarily low price is an opportunity, they choose to buy on dips, which seems to be happening with XRP.
- Confidence Recovery: Despite the recent overall volatility in the cryptocurrency market, Large Investors are still buying, indicating their confidence in the future of XRP.
- Structural Upgrade: XRP is closely related to traditional finance and cross-border settlement, along with the potential promotion of compliance and institutional application scenarios, making Large Investors more willing to hold.
These factors combined may bring a triple benefit of “potential bottom + accumulation + structural value.”
Price Support and Rebound Opportunities: Analysis of XRP’s Current Situation
Currently, the price of XRP fluctuates between approximately $2.30 and $2.35. Analysis suggests that if this support level holds and is accompanied by strong accumulation from Large Investors, the price is expected to advance towards $2.70-$2.80 or even higher. However, if the support fails and market sentiment deteriorates, a pullback may occur. For newcomers, understanding the logic of “support holding = rebound opportunity” and “support breaking = risk release” is particularly important.
Three operational suggestions for beginners
- Enter in batches: Do not invest all at once. If you are optimistic about the long term, you can gradually build your Holdings to reduce risk.
- Set a reasonable stop loss/target: for example, set the stop loss just below the support level, and initially aim for around $2.70.
- Continuously monitor on-chain data: Large Investors’ Holdings, Wallet count, price trends, transaction volume, etc. are all important signals; do not only look at news headlines.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
