Large Holders Fuel XRP’s Rise Amid Shifting Demand Dynamics
XRP has seen a brief surge above $1.16, with recent analysis from Santiment indicating that this upward momentum is primarily driven by accumulation from significant holders rather than widespread retail interest.
The analytics firm’s findings reveal that wallets holding between 100,000 and 100 million XRP have increased their stakes by 2.8% over the past five weeks. In contrast, wallets with less than 0.01 XRP have reduced their holdings by 5.2%. Santiment noted that XRP’s price movements have historically correlated more closely with the behavior of these key stakeholders than with smaller retail wallets, suggesting this divergence supports the recent price recovery.
This accumulation trend coincides with a strengthening market narrative for the cryptocurrency. Key factors include the resolution of Ripple’s legal challenges with the U.S. Securities and Exchange Commission (SEC) and continued activity on the XRP Ledger related to payments, tokenization, and the stablecoin RLUSD. Furthermore, U.S.-based spot XRP Exchange-Traded Products (ETPs) have attracted institutional interest, recording nearly $12.5 million in net inflows this month.
Santiment added that historical patterns show periods of accumulation by substantial holders, coupled with declining participation from micro-wallets, often pave the way for further price appreciation.
From a technical standpoint, XRP encountered resistance after testing its daily 50-day exponential moving average (EMA), a level that previously capped its rallies. The price has since retreated to approximately $1.13. Despite this pullback, the bullish outlook remains intact as long as XRP can maintain support within the $1.11-$1.09 zone, according to ChartNerd.
Holding this support range could sustain momentum for a potential move towards $1.25. However, ChartNerd cautioned that a breach below this area would undermine the current technical setup and increase the probability of a decline back to the $1 mark. ChartNerd had previously refuted social media claims suggesting XRP had already broken out of a downtrend that began in July 2025.
Analyst Ali Martinez echoed a similar sentiment, suggesting that a decisive move above $1.13 could confirm a bullish breakout for XRP and open the door to further gains.
Conversely, some analysts maintain that XRP is still trading within a year-long descending pattern, and only a clear and swift break above the $1.20-$1.30 range would invalidate this bearish structure.
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