Key Highlights
- Addresses holding 10,000+ XRP on the XRP Ledger reached an unprecedented 332,230, marking consistent growth since mid-2024.
- Technical analyst EGRAG CRYPTO outlined Elliott Wave price projections reaching $7, $13, and $27 for XRP’s potential trajectory.
- An XRPL lending protocol proposal has secured 22% validator approval, with the voting period remaining active.
- The fixCleanup3_1_3 technical amendment has achieved majority validator consensus and awaits May 27, 2026 activation.
- XRP currently trades near $1.46, facing critical resistance at $1.48 while technicals suggest potential movement toward $1.58.
Blockchain analytics platform Santiment has revealed that XRP Ledger addresses containing a minimum of 10,000 XRP tokens have climbed to an unprecedented peak of 332,230 wallets. This metric has demonstrated consistent upward momentum beginning in June 2024, persisting even as XRP’s price performance has remained subdued relative to previous market cycle peaks throughout 2026.
According to Santiment’s assessment, this pattern represents a significant long-term accumulation indicator. The analytics firm emphasized that substantial holders have persistently expanded their positions throughout market downturns and periods of heightened uncertainty.
“The continued rise in XRP Ledger wallets holding at least 10,000 XRP is an important long-term signal because it shows that larger holders have kept accumulating even during periods of volatility and uncertainty,” Santiment wrote.
The wallet metric experienced a notable temporary contraction during early 2026. A dramatic drop occurred between February 6 and February 8, eliminating more than 4,500 qualifying wallets from this category. Santiment attributed this decline to the widespread cryptocurrency market downturn that materialized around February 5. The metric has subsequently rebounded and surpassed previous record levels.
An important consideration: XRPL wallet addresses don’t necessarily represent individual participants on a one-to-one basis. Centralized exchange platforms frequently consolidate customer assets across a limited number of custody addresses.
Bold Price Projections Return to Discussion
Cryptocurrency technical analyst EGRAG CRYPTO published an updated Elliott Wave analysis this week, presenting three potential long-term price objectives for XRP: $7, $13, and $27. The technical framework included two distinct wave progression scenarios—designated with green and blue color coding—both indicating bullish outcomes while following different developmental pathways.
Market commentator Neel Macro presented a more conservative perspective, highlighting that XRP continues consolidating within a restricted trading range alongside the wider cryptocurrency ecosystem. Neel Macro suggested that a sustained breakout above $1.60 could strengthen near-term bullish momentum, while clearing the $2 threshold might trigger more substantial institutional buying interest.
XRP briefly reached $1.50 on May 10 and currently hovers around the $1.46 level. The digital asset has appreciated from $1.34 recorded on April 29.
Chart Patterns and Network Development Progress
From a technical analysis perspective, market participants are monitoring for a bullish crossover where the 50-day simple moving average rises above the 100-day SMA. This crossover remains pending, and the resistance barrier at $1.48 has maintained its position. Should XRP successfully breach the $1.48 threshold, technical traders anticipate the subsequent target zone near $1.58, where short-term accumulation could establish that level as newfound support.
The Relative Strength Index currently registers at 58, indicating that buying pressure continues exceeding selling pressure at present price levels.
Regarding network governance developments, 22% of XRP Ledger validators have cast affirmative votes supporting a lending protocol enhancement that would introduce decentralized finance capabilities to the XRPL infrastructure. The voting mechanism remains open for additional validator participation.
Meanwhile, the fixCleanup3_1_3 amendment—a technical maintenance update—has successfully secured majority validator approval and is scheduled for network activation on May 27, 2026, contingent upon sustained support throughout the mandatory voting timeframe.
XRP established its current cycle peak at $3.36 during June 2025 before retracing to $1.11. At the present $1.46 valuation, the asset trades 8.15% above the significant support threshold positioned at $1.35.
