XRP Whale Wallets Reach All-Time High…Is a Real Surge Coming This Time?

▲ XRP/AI generated image ©

The number of XRP (Ripple) whale wallets has reached an all-time high. Although the price is still quiet, signs that large investors are steadily accumulating XRP even amidst market instability are being detected, reviving long-term bullish expectations.

According to crypto media outlet Finbold on May 13 (local time), the number of wallets holding more than 10,000 XRP reached an all-time high of 332,230, based on Santiment's on-chain data. This is the result of a continuous expansion of the upward trend that began in June last year. However, between February 6 and 8, over 4,500 wallets holding more than 10,000 XRP temporarily disappeared from the network, coinciding with a period of a general flash crash and large-scale liquidations in the cryptocurrency market.

Subsequently, the XRP network rapidly recovered. The number of whale wallets surpassed previous highs and continued to increase, with the upward trend persisting into May 2026. The outlet analyzed that large investors are steadily accumulating volume even as XRP prices trade below their previous highs.

In the market, the increase in whale holdings is being interpreted as a long-term bullish signal. It is explained that persistent accumulation by large investors can typically lead to a reduction in circulating supply in the market, potentially increasing upward price pressure if demand revives in the future. It is also noteworthy that the recent XRP price movement has been characterized by quietly increasing positions during periods of fear and uncertainty, rather than through FOMO (Fear Of Missing Out) buying during a sharp rally.

However, the price reaction is still limited. As of the time of writing, XRP is trading at $1.46, down approximately 0.25% over 24 hours. On a weekly basis, however, it has risen by 2.5%. The current price is moving above the 50-day Simple Moving Average (SMA) of $1.39, maintaining a short-term upward trend, but it remains below the 200-day SMA of $1.76, indicating that the long-term trend still faces challenges.

Technical indicators also point to a zone just before overheating. The 14-day Relative Strength Index (RSI) is at 63.46, placing it in neutral territory but close to the overbought zone. Finbold analyzed that while buying momentum has recently strengthened, there is a possibility of encountering resistance if upward pressure weakens around the current price level.

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