The number of XRP wallets holding over 1 million tokens has been steadily rising since the start of the year, a trend that could signal positive long-term prospects for the cryptocurrency, according to analytics platform Santiment.
“XRP’s price has dipped modestly by 4% since the beginning of 2026, but the number of ‘millionaire’ wallets is climbing for the first time since September,” Santiment noted in a Wednesday post.
Crypto traders often monitor large-holder accumulation, viewing it as an indicator of potential price movements. Since January 1, Santiment reported that 42 additional XRP wallets with more than 1 million tokens have “returned to the ledger.”
Santiment called the trend “an encouraging sign for the long term.” With XRP trading at $1.87 at the time of publication, a holding of 1 million tokens is worth roughly $1.87 million, according to CoinMarketCap.
Meanwhile, XRP accumulation by so-called “smart money” traders—those considered the most successful in the industry based on returns—has increased 11.55% over the past 30 days, according to analytics firm Nansen.
Analysts divided on XRP’s near-term outlook
Crypto analysts remain split on XRP’s short-term trajectory. Crypto trader CW noted on X Wednesday that XRP appears poised “to break through the selling wall soon.”
“Net buying remains strong, and the trend is reversing,” CW said, suggesting that if XRP breaks through the sell wall, the price could climb to $2.30.
Meanwhile, asset manager 21Shares highlighted that XRP’s history of multi-year compression followed by “sharp uncoiling events,” combined with growing regulatory clarity and institutional support, could leave the network “primed for continued price appreciation.”
However, Swyftx lead analyst Pav Hundal told Magazine that he remains cautious on XRP, warning that “further upside becomes too reliant on narrative.” Hundal noted that the token could face near-term pressure if there are “any unpleasant surprises” related to the US CLARITY Act voting process.
Broader market signals also point to a cautious environment, with Bitcoin continuing to dominate. CoinMarketCap’s Altcoin Season Index currently shows a “Bitcoin score” of 31 out of 100, indicating that Bitcoin has outperformed most of the top 100 altcoins over the past 90 days.
Meanwhile, the Crypto Fear & Greed Index posted a “Fear” score of 26 in its Thursday update, reflecting that investors remain wary and are approaching the crypto market with caution.
