Key Highlights
- XRPL addresses containing 10,000+ XRP tokens reached an unprecedented 332,230 wallets, continuing an upward trajectory since mid-2024.
- Technical analyst EGRAG CRYPTO presented Elliott Wave projections targeting $7, $13, and $27 price levels for XRP.
- An XRPL lending protocol proposal has secured approval from 22% of network validators, with the voting period ongoing.
- The fixCleanup3_1_3 technical amendment has achieved majority validator consensus and is scheduled for activation on May 27, 2026.
- XRP currently trades near $1.46, facing immediate resistance at $1.48 while technical indicators point to potential movement toward $1.58.
Blockchain analytics platform Santiment has reported that XRP Ledger addresses holding a minimum of 10,000 XRP tokens have established a fresh record at 332,230 wallets. This metric has demonstrated consistent growth since June 2024, persisting through a period when XRP has remained below its previous market cycle peaks throughout much of 2026.
According to Santiment’s analysis, this pattern represents a significant long-term accumulation indicator. The analytics firm emphasized that substantial holders have persistently expanded their positions throughout market downturns and periods of heightened uncertainty.
“The continued rise in XRP Ledger wallets holding at least 10,000 XRP is an important long-term signal because it shows that larger holders have kept accumulating even during periods of volatility and uncertainty,” Santiment wrote.
The data did reveal one notable disruption this year. A dramatic decrease occurred between February 6 and February 8, when more than 4,500 wallets within this category vanished. Santiment attributed this sudden drop to a widespread cryptocurrency market downturn that occurred around February 5. Since then, the wallet count has rebounded and surpassed previous records.
It’s important to recognize that XRPL wallet addresses don’t necessarily correlate directly with unique investors. Cryptocurrency exchanges frequently consolidate assets for numerous users within a limited number of wallet addresses.
Long-Term Price Projections Emerge
Cryptocurrency technical analyst EGRAG CRYPTO published an updated Elliott Wave analysis this week, identifying three potential extended-term price objectives for XRP: $7, $13, and $27. The technical breakdown presented dual wave pattern interpretations — designated as green and blue scenarios — each forecasting upward price action while following distinct trajectories.
Market strategist Neel Macro presented a more conservative outlook, highlighting that XRP continues trading within a tight range alongside the broader cryptocurrency ecosystem. Neel Macro suggested that a breakout above $1.60 might enhance near-term bullish momentum, while sustained movement beyond $2 could trigger more substantial buying activity.
XRP reached $1.50 on May 10 and is presently trading around $1.46. The asset has appreciated from $1.34 recorded on April 29.
Chart Analysis and Network Development
From a technical chart perspective, market participants are monitoring for the 50-day simple moving average to move above the 100-day SMA. This bullish crossover remains pending, and the resistance zone at $1.48 has maintained its position. Should XRP successfully breach $1.48, the subsequent price objective would be $1.58, where near-term traders may increase buying activity once that threshold transitions into a support level.
The Relative Strength Index currently registers at 58, indicating that buying pressure continues to exceed selling pressure at present price levels.
Regarding network governance, 22% of XRP Ledger validators have cast affirmative votes supporting a lending protocol upgrade designed to introduce DeFi capabilities to the XRPL ecosystem. The voting process remains active.
In parallel, the fixCleanup3_1_3 amendment — focused on technical maintenance improvements — has already secured majority validator approval and is projected to activate on May 27, 2026, assuming sustained support throughout the mandatory voting period.
XRP achieved a cycle peak of $3.36 in June 2025 before retracing to $1.11. At the current price of $1.46, the asset trades 8.15% above the critical support threshold of $1.35.
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