XRP Whale Wallets Rise Even as Price Falls: On-Chain Data Shows Accumulation

BitcoinWorld XRP Whale Wallets Rise Even as Price Falls: On-Chain Data Shows Accumulation On-chain data reveals that the number of XRP whale wallets—addresses holding at least 1 million XRP—has increased over the past month, even as the token’s price experienced a notable decline.

This divergence between price action and whale behavior suggests that large investors may be accumulating the asset during the dip, a pattern often interpreted as a sign of long-term confidence.

Whale Wallets and Market Signals According to data from Santiment, a leading crypto analytics platform, the count of XRP addresses with a balance of 1 million or more coins has risen by approximately 2.3% since late February.

This increase comes despite XRP’s price falling from a high of $0.74 in early March to around $0.61 at the time of writing.