Crypto: Xrp Millionaire Wallets Are Ramping Up In ‘encouraging Sign’:...

The rise in XRP wallets holding more than 1 million tokens comes despite a weakening of broader crypto market sentiment, with a popular crypto indicator sitting in “fear” territory.

The number of XRP wallets holding more than 1 million tokens has been gradually increasing since the start of the year and could bode well for the asset’s long-term prospects, according to crypto analytics platform Santiment.

“XRP's price is down a modest -4% since the start of 2026, but its amount of ‘millionaire’ wallets are rising for the first time since September,” Santiment said in a post on Wednesday.

Crypto traders often track large-holder accumulation, using it as a signal for where the asset’s price could head in the future.

Santiment said that 42 more XRP (XRP) wallets holding over 1 million tokens have “returned to the ledger” since Jan. 1.

Santiment said this is “an encouraging sign for the long term”. With XRP trading at $1.87 at the time of publication, 1 million tokens is the equivalent to roughly $1.87 million, according to CoinMarketCap.

Meanwhile, XRP accumulation by “smart money” traders, who are deemed the most successful traders in the industry by returns, has risen 11.55% over the past 30 days, according to Nansen.

However, crypto analysts appear to have differing views on where XRP is moving next.

Crypto trader CW said in an X post on Wednesday that XRP is looking likely “to break through the selling wall soon.”

“Net buying remains strong, and the trend is reversing,” CW said, arguing that if the sell wall is broken, the price could rise to $2.30.

Source: CoinTelegraph