Whales Go All-In: XRP Wallets Hit Record High as Traders Eye a Move to $2.00

XRP Holds Steady Amid Market Pressure as Whale Accumulation Hits Record High — Analysts Eye $1.80–$2.00 Breakout

XRP continued trading in a relatively narrow sideways range on Sunday, demonstrating resilience despite ongoing selling pressure across major digital assets. The token posted a solid nearly 3% gain over the past seven days, outperforming the broader market and reinforcing its position as one of the more stable large-cap altcoins during the current consolidation phase.

While many cryptocurrencies have faced headwinds, XRP’s ability to hold key support levels and deliver modest weekly gains highlights sustained investor interest. On-chain data and technical analysis now suggest the asset may be building toward a significant breakout, with analysts pointing to improving fundamentals and whale conviction.

XRP Ledger Reaches All-Time High in Large Wallets

According to on-chain analytics platform Santiment, the XRP Ledger has achieved a new all-time high in the number of wallets holding at least 10,000 XRP. The figure now stands at approximately 332,230 addresses, marking a significant milestone in network participation and long-term holder commitment.

This steady growth in mid-to-large wallets has been underway since mid-2024, indicating a prolonged period of accumulation rather than short-term cyclical interest. Market observers often view wallets holding 10,000 XRP or more as a proxy for committed, sophisticated investors who are less reactive to short-term volatility and more focused on longer-term positioning strategies.

Despite recent price stagnation around the $1.40–$1.50 range, XRP’s long-term trajectory appears unaffected. The continued rise in these large wallets suggests many investors are accumulating during periods of uncertainty — a behavior typically associated with the early stages of bullish cycles.

Santiment also noted a temporary disruption earlier this year. Between February 6 and 8, the number of wallets holding more than 10,000 XRP decreased by more than 4,500. The timing coincided with a broader crypto market downturn and widespread liquidations rather than any XRP-specific negative event. The subsequent rebound not only offset the decline but established a new record, strengthening the argument that accumulation resumed aggressively after the sell-off.

Analysts Highlight Bullish Technical Setups for XRP

Popular crypto analyst Ali Martinez noted that XRP remains confined within a defined trading channel. According to his analysis, a decisive daily close above the upper boundary near $1.49 could serve as a breakout trigger, potentially opening the door toward the $1.80 region.

Furthermore, analyst MikybullCrypto pointed to XRP’s recent behavior following a breakout-retest structure. He suggested the asset appears to be successfully retesting a previously broken resistance level — a technical formation often interpreted as confirmation of strength. Based on this pattern, MikybullCrypto believes XRP could be positioned for a near-term move toward the $2.00 mark, provided broader market conditions remain supportive.

These technical observations align with the on-chain accumulation data. The combination of whale buying, reduced sell-side pressure on major exchanges, and improving momentum indicators creates one of the cleaner setups for XRP in recent months.

CLARITY Act Progress Provides Regulatory Tailwind

XRP’s relative strength comes amid positive regulatory developments in the United States. The Senate Banking Committee recently advanced the Digital Asset Market Clarity Act (CLARITY Act) with a bipartisan 15-9 vote. If passed, the legislation would codify that XRP sales on secondary markets do not qualify as securities, removing a long-standing regulatory overhang.

The bill also includes provisions that could allow U.S. banks to use digital assets for payments, custody, and settlement without prior approval. For Ripple and the XRP Ledger, this could open significant new pathways within the traditional banking system, particularly for cross-border transactions and stablecoin integrations via RLUSD.

Industry leaders including Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong have expressed support for the current draft, describing it as a workable compromise that balances innovation with stability. A successful passage would likely reduce uncertainty and encourage greater institutional participation across payment-focused tokens.

XRP’s Strong Regional Performance on Upbit

XRP has also dominated trading volume on South Korea’s leading exchange Upbit, recording an impressive $110 million in 24-hour volume recently and outperforming both Bitcoin and Ethereum. South Korea remains one of the most active crypto markets globally, and XRP’s strength on Upbit highlights robust local investor interest in payment and settlement-oriented assets.

This regional dominance often serves as an early indicator of broader sentiment shifts, particularly during periods when regulatory or utility narratives gain traction.

XRP ETF Inflows Hit Four-Month High

U.S. spot XRP ETFs have recorded their strongest net inflows in four months, providing a structural boost to the asset. This influx stands in contrast to outflows from Bitcoin and Ethereum funds during the same period, suggesting capital rotation into alternative digital assets with clearer regulatory paths and strong utility.

The strong ETF performance underscores growing institutional confidence in XRP. As regulatory clarity improves, more traditional investors are gaining exposure through regulated vehicles, reducing reliance on direct cryptocurrency holdings.

Technical Outlook and Key Levels for XRP

From a technical perspective, XRP has shown resilience by holding above key support levels near $1.40 while testing resistance around $1.50. A sustained break above $1.50 with strong volume could open the path toward higher targets in the $1.80–$2.00 range, especially if the CLARITY Act continues advancing.

On-chain metrics support a constructive view, with increased whale accumulation and reduced sell-side pressure on major exchanges. However, broader market correlation with Bitcoin remains a key risk factor. Any significant pullback in BTC could temporarily weigh on XRP regardless of its internal strength.

XRPFi and Ecosystem Utility Expand

Beyond price action, activity on the XRP Ledger continues to grow. XRPFi — the deployment of XRP into DeFi applications for lending, staking, collateral, and yield generation — is gaining traction. This expanding utility reinforces XRP’s role beyond simple payments and strengthens its fundamental value proposition.

The XRP Ledger’s built-in decentralized exchange, automated market makers, and fast settlement times (3-5 seconds) make it well-suited for real-world financial applications. As regulatory clarity improves, these features could drive increased adoption in cross-border payments, remittances, and tokenized asset settlements.

Broader Market Context and Altcoin Rotation Potential

XRP’s recent performance occurs within a broader cryptocurrency market showing tentative signs of improvement. As Bitcoin stabilizes near key levels and institutional interest grows through ETFs and traditional finance channels, capital rotation into select altcoins with strong fundamentals becomes more likely.

Payment and settlement-oriented tokens such as XRP, Stellar Lumens (XLM), and others have outperformed on certain days, reflecting growing recognition that regulatory clarity could disproportionately benefit projects with real-world utility.

Risks and Considerations for XRP Investors

While the near-term outlook appears positive, several risks remain:

• Upcoming token unlocks could add selling pressure.
• Broader market correlation with Bitcoin remains high.
• Regulatory developments, while promising, still face potential amendments and delays.
• Macroeconomic factors such as inflation data and Federal Reserve policy continue influencing risk assets.

Investors should approach XRP with a balanced view, considering both its strong utility narrative and the inherent volatility of the crypto market. Active engagement with the XRPL — through self-custody, DEX usage, liquidity provision, or payments — can provide additional value beyond price appreciation.

XRP at a Potential Inflection Point

XRP is currently in a constructive holding pattern, defending key support levels while subtle improvements in market dynamics and on-chain metrics suggest buyers may be gaining ground. The easing of sell-side pressure, steady whale accumulation signals, and positive regulatory developments create one of the cleaner setups for XRP in recent months.

A successful breakout above the $1.50 resistance would likely shift market sentiment meaningfully and could trigger a more substantial recovery phase. Until then, the asset remains in a balanced but increasingly optimistic consolidation range.

For investors and traders, the current environment offers an interesting opportunity to assess XRP’s resilience amid broader market uncertainty. With strong on-chain accumulation, regional trading dominance, and potential regulatory tailwinds, XRP appears well-positioned for relative outperformance if the CLARITY Act advances and broader market conditions improve.

The coming weeks will be critical in determining whether this stabilization evolves into a confirmed upside breakout. As always, disciplined risk management and monitoring of volume, on-chain flows, and regulatory news will be essential.

Nikolaj Krastev publication: "Whales Go All-In: XRP Wallets Hit Record High as Traders Eye a Move to $2.00" was written for 24crypto.news

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