The XRP Ledger just set a new all-time high for its wealthiest wallet cohort. As of this week, 332,230 addresses held 10,000 or more XRP — the highest count ever recorded for that bracket, according to on-chain data. The milestone comes months after a sharp selloff in early February wiped more than 4,500 wallets from the group.
Record wallet count
The 10,000+ XRP wallet tier is often watched as a proxy for whale accumulation or distribution. The number climbed steadily after a major dip between February 6 and 8, when the total fell by over 4,500 addresses. Since then, the count has recovered and pushed past the previous record. The timing suggests that larger holders saw the February drop as a buying opportunity rather than a reason to exit.
Where XRP price sits
XRP was trading near $1.45 as of May 13, consolidating below the $1.50 resistance level. That price zone has acted as a ceiling in recent sessions. On the downside, support sits at the 50-day moving average around $1.35. A break below that could open the door to a retest of $1.20 lows. On the upside, a move above $1.50 would put $2.00 and then $2.75 in play, with the longer-term target being a return above $3.00. The RSI is neutral, meaning there's room before the token becomes overbought.
Bitcoin, for context, was pushing toward $82,000 at the same time, providing a mixed backdrop for altcoins.
What happens next
The record wallet count suggests accumulation sentiment among large holders remains intact, but price action hasn't followed yet. The key question is whether the $1.50 level gives way in the coming days. If it doesn't, the support at $1.35 becomes the next real test. No major protocol upgrades or regulatory events are on the immediate calendar, so the market's own momentum — and Bitcoin's direction — will likely decide the next move.
