XRP Ledger millionaire wallets hit 2,147 during price slide, Santiment data shows
In brief
- 2,147 XRP Ledger wallets hold 1 million XRP or more, per Santiment data reported by U.Today.
- 28 addresses crossed the million-XRP mark in about ten days, 18 of them in the final three.
- Main inflow came during a correction as XRP fell to $1.27, U.Today said.
- $1.20 to $1.25 support and a 2,140-millionaire-wallet threshold were flagged by U.Today.
Where the buying happened
U.Today said the main inflow of capital came during the price correction, when XRP fell to $1.27. Most of the large-holder activity came at the end of October, according to the same report. Beyond that, the outlet didn't give exact dates for the 18 newest addresses. It only placed them in the last three days of the roughly ten-day window.
That timing is the core of the story.
U.Today said XRP's decline hadn't led large holders to sell at a loss and called the stretch a phase of aggressive accumulation (that's the outlet's description, not a LeoDex News assessment). The report doesn't identify who's behind the wallets.
U.Today's read on the chart
U.Today argued that when the price chart falls while large holders keep buying, a long-term market bottom often follows. That's the publication's analysis. It isn't a confirmed bottom, and it isn't a forecast.
The outlet also listed price levels it credited to unnamed analysts. Per U.Today, the $1.20 to $1.25 zone is critical support, and the long-term growth scenario stays in place if XRP holds there and millionaire wallets stay above 2,140. The report said XRP would need to get back above $1.30 (which it called local resistance) to confirm a reversal. According to U.Today, consolidation above $1.40 with large holders still buying would show the bottom had passed.
The number to track
There isn't much room on the wallet side of that framework. U.Today's 2,140 line sits just seven wallets below the 2,147 count it reported from Santiment. A small drop in million-XRP addresses would break one of the two conditions the outlet laid out.
Frequently asked questions
How many XRP wallets hold at least 1 million XRP?
U.Today, citing Santiment data, reported that 2,147 wallets on the XRP Ledger held 1 million XRP or more. The outlet called that a record for the current year. Over about ten days, 28 addresses reached that level, and 18 of them showed up in the last three days.
What XRP price levels did U.Today highlight?
U.Today credited unnamed analysts with calling $1.20 to $1.25 critical support, provided millionaire wallets stay above 2,140. It described $1.30 as local resistance that XRP had to reclaim to confirm a reversal. It said consolidation above $1.40 with large holders still buying would show the bottom had passed.
