Key Highlights
- Addresses holding 10,000+ XRP on the XRP Ledger have climbed to an unprecedented 332,230, showing consistent growth since mid-2024.
- Technical analyst EGRAG CRYPTO has outlined Elliott Wave projections pointing to potential price levels of $7, $13, and $27.
- A proposed lending protocol amendment on XRPL has garnered 22% validator approval, with the voting period remaining active.
- The fixCleanup3_1_3 technical amendment has secured majority validator backing and is scheduled for activation on May 27, 2026.
- XRP currently trades near $1.46, facing immediate resistance at $1.48 with technical indicators suggesting a potential advance toward $1.58.
Blockchain analytics provider Santiment has revealed that XRP Ledger addresses containing a minimum of 10,000 XRP tokens have surged to a historic peak of 332,230 wallets. This metric has demonstrated consistent upward momentum since June 2024, persisting despite XRP trading substantially below its previous market cycle peaks throughout 2026.
Santiment characterized this development as an indicator of sustained long-term accumulation patterns. The analytics firm observed that substantial holders have persistently expanded their positions throughout intervals marked by price stagnation and market ambiguity.
“The persistent growth in XRP Ledger wallets containing at least 10,000 XRP represents a significant long-term indicator, demonstrating that substantial stakeholders have maintained their accumulation strategy throughout volatile and uncertain market conditions,” Santiment stated.
This wallet metric experienced a singular pronounced downturn during the current year. In the 48-hour window spanning February 6 through February 8, more than 4,500 wallets within this category vanished from the network, a phenomenon Santiment attributed to the widespread cryptocurrency market correction that occurred around February 5. The figures have subsequently rebounded and exceeded previous threshold levels.
It bears mentioning that XRPL wallet addresses don’t necessarily correlate directly with individual market participants. Cryptocurrency exchange platforms frequently consolidate assets belonging to numerous users within a limited number of custodial addresses.
Long-Term Price Projections Gain Attention
Cryptocurrency market analyst EGRAG CRYPTO published an updated Elliott Wave technical analysis this week, delineating three potential extended-timeframe price objectives for XRP: $7, $13, and $27. The technical assessment presented dual wave structure interpretations—designated as green and blue scenarios—both indicating upward trajectory potential while following distinct progression patterns.
Market strategist Neel Macro provided a more measured perspective, highlighting that XRP continues to fluctuate within a constrained price channel alongside the wider cryptocurrency marketplace. Neel Macro suggested that a sustained move beyond $1.60 could enhance near-term bullish momentum, whereas a decisive breakthrough above $2 might catalyze more substantial purchasing activity.
XRP reached $1.50 on May 10 and presently hovers around $1.46. The asset has appreciated from $1.34 recorded on April 29.
Chart Patterns and Network Governance Updates
From a chart analysis perspective, market participants are monitoring the potential convergence of the 50-day simple moving average crossing above the 100-day SMA. This bullish crossover pattern has not yet materialized, and the resistance barrier at $1.48 has maintained its position. Should XRP successfully breach the $1.48 threshold, the subsequent technical objective would be $1.58, where near-term market participants may initiate positions once that level transitions to a support foundation.
The Relative Strength Index currently registers at 58, indicating that purchasing pressure continues to exceed selling activity at prevailing price levels.
Regarding network development, 22% of XRP Ledger validators have cast affirmative votes supporting a lending protocol enhancement that would introduce decentralized finance capabilities to the XRPL infrastructure. The governance voting process remains in progress.
Concurrently, the fixCleanup3_1_3 amendment—a technical maintenance upgrade—has already secured majority validator consensus and is projected to activate on May 27, 2026, contingent upon sustained backing throughout the mandatory voting timeframe.
XRP achieved a cycle maximum of $3.36 in June 2025 before retracting to $1.11. At the current $1.46 valuation, the asset trades 8.15% above the critical support threshold of $1.35.
