The number of XRP Ledger wallets holding at least 10,000 XRP hit a new all-time high of 332,230 this week. That's a recovery from early February, when over 4,500 such wallets disappeared during a broader crypto market selloff. The milestone comes as five US-listed spot XRP exchange-traded funds pulled in a combined $25.8 million on May 11 — their biggest single-day haul since January 5.
The February wipeout and bounceback
On February 5, Bitcoin dropped 12.6% to $63,500 — its lowest since October 2024 — triggering over $1 billion in liquidations across the market. Between February 6 and 8, more than 4,500 XRP wallets in the 10,000+ XRP bracket vanished. The count recovered in the second half of February and has been climbing ever since. The trend for wallets at that threshold had been steady since June 2024, so the dip was a sharp interruption.
ETF inflows add momentum
Institutional demand is also picking up. On May 11, five US-listed spot XRP ETFs saw a combined $25.8 million in net inflows. That's the largest daily figure since early January, and it suggests fresh buying from investors who want exposure without holding the token directly. The timing isn't bad — XRP is still trading about 60% below its all-time high.
Where price stands now
XRP sits in the $1.40 to $1.50 range. Traders are watching three breakout levels: $1.52, $1.54, and $1.60. A clean move above those could bring the next leg higher, but the price has yet to break out. For now, the wallet count keeps grinding up, and ETF money is flowing in. The next question is whether XRP itself follows.
