XRP Ledger wallets holding at least 10,000 XRP have reached a record 332,230, according to Santiment data shared on X. The analytics firm noted that this number has grown steadily since June 2024, even during periods of weak price action and market stress. Santiment stressed that rising counts typically signal greater conviction among those less focused on short-term price swings, with the firm noting that XRP has spent much of 2026 trading below previous highs, meaning many holders appear willing to accumulate during fear rather than chase momentum. The whale accumulation continues even after XRP reached $3.36 in June 2025 and dropped to $1.11 less than seven months later, demonstrating strong long-term conviction among large holders.
XRP traded at $1.45 at press time, down 0.52% over the past 24 hours, according to latest market data. The token is currently trading near the $1.48 resistance level, with technical analysis suggesting a potential breakout to $1.58 if the 50-day SMA crosses above the 100-day SMA. The RSI reading at 58 indicates buying pressure remains stronger than selling, with analysts targeting $1.84 as long as support at $1.35 holds. Crypto.news data shows the token is down about 60% from its July 2025 all-time high of $3.65, but recent momentum suggests potential for a significant recovery. Despite the modest 7.7% recovery since the US-Iran conflict, XRP is still down 20.7% year to date (YTD).
XRP validators are currently voting on a lending protocol update for XRP Ledger, with 22% already in favor and voting still ongoing. The update comes as the CLARITY Act, which includes DeFi regulation sections, has a 60% chance to pass. According to CoinGape analysis, if the lending protocol update happens before the end of 2026, XRP could reach a new high above $3.84. This DeFi integration represents a significant development for the XRP ecosystem, potentially attracting new institutional and retail participants to the network.
U.S. spot XRP ETFs recorded $25.8 million in daily net inflows on May 11, their strongest day since Jan. 5, according to SoSoValue data cited by crypto.news. Franklin Templeton's XRPZ led with $13.6 million, followed by Bitwise's XRP ETF with $7.6 million and Grayscale's GXRP with $4.6 million. Interestingly, inflows continued on May 12, with $5.31 million in daily net inflows. The cumulative net inflows stand at $1.36 billion and total net assets at $1.16 billion, suggesting ETF demand did not stop after Monday's stronger inflow day.
