- The XRP Ledger has reached a record high of 332,230 wallets holding 10,000 XRP or more.
- The growth after a sharp decline earlier in the year highlights the conviction of long-term bondholders.
- XRP price is looking to break the major resistance level near $1.50.
Cryptocurrency XRP continues to navigate the choppy waters below $1.50, largely fluctuating alongside the best altcoins.
Meanwhile, the XRP Ledger has hit a new milestone, with on-chain data revealing an all-time high for wallets holding at least 10,000 XRP.
But what does this portfolio growth suggest? Could broader gains lift prices above key resistance?
XRP Ledger Wallet Growth: Record high of over 10,000 blocks
Whales have largely bought major altcoins in recent weeks, and on-chain metrics highlight this as is the case for the XRP Ledger.
Data shows that there is a new streak in cryptocurrency flows coinciding with the expansion of the XRP holder base. In particular, addresses holding 10,000 XRP or more rose to 332,230.
According to data shared by Santiment early Wednesday, this is the highest mark ever recorded for this group. The expansion continued during the price slump in 2026, with XRP so far trading below its recent peak.
Notably, the accumulation increased after the significant drop between February 6 and 8, which saw more than 4,500 XRP wallets worth 10,000 or more drop.
The sharp decline as seen in the chart below is in line with the bloodbath in the cryptocurrency market that led to massive liquidations on February 5.
This resilience indicates accumulation by investors driven by conviction.
Analysts say such whales are less affected by volatility and more focused on XRP’s utility and long-term prospects.
It’s a move that signals increased institutional adoption, especially as crypto funds have had a string of positive gains.
XRP price forecast
As mentioned earlier, XRP price is currently consolidating below the $1.50 resistance level.
However, it is forming a narrow range amid the recent rally in risk assets, hovering near $1.45 as of writing on May 13, 2026.
Pushing Bitcoin to retest $82,000 would mean a muted bullish move for altcoins, and XRP could reflect sentiment as risk appetite slowly renews in the broader market. However, buyers may have eyes on a breakout higher.
In this case, the symbol faces immediate overhead resistance at the $1.50 level, where previous rejections have limited momentum.
From a technical perspective, XRP is showing a bullish consolidation pattern on the daily chart, with support holding at the 50-day moving average near $1.35.
Meanwhile, the RSI is hovering in the neutral zone, which means more room to maneuver before entering overbought conditions.
A breakout may allow bulls to target $2.00 and $2.75. The main focus may be to get back above $3.00.
Conversely, a drop below $1.35 could mean a retest of the $1.20 lows.
