XRP Millionaire Wallets Surge but Price Stuck at $1.28: What’s Going On?
XRP millionaire wallets have climbed to a 2026 high of 2,147, signaling despite a 30% price drop on year-to-date basis.On-chain analytics platform Santiment Intelligence reported that wallets holding at least 1 million XRP have increased by 28 in the past 10 days, including 18 new wallets in just three days.The increase is an encouraging sign because large holders typically have longer investment horizons than short-term traders.The rising wallet count alongside 2.3% drop over the past ten days suggests large XRP balances are growing.Still, this does not necessarily confirm fresh buying.On the other hand, Santiment identified $1.20–$1.25 as a crucial support zone. Holding this range while millionaire wallets remain above 2,140 would support a constructive long-term outlook.A recovery above $1.30 alongside continued whale growth would strengthen the bullish case.Could XRP Drop To 70 Cents Before A $10 Rally?Crypto analyst Crypto Patel raised the possibility of another XRP correction into the $0.70–$1 range before its next major rally to $10.XRP’s near-term support levels are in focus, with sustained whale accumulation strengthening bullish momentum.The analyst identified two accumulation zones: $0.35-$0.45 and $0.95-$1.20, with potential downside slightly below $0.95.A move above $1.55 would signal bullish momentum.Preview Image: Shutterstock