XRP Whale Wallets Surge While Price Slides—Accumulation Underway

XRP’s price decline isn’t scaring away the asset’s largest holders. While the token has trended lower, the count of wallets holding over 1 million XRP has moved in the opposite direction—rising steadily.

That divergence, highlighted in the Santiment update shared on August 12, suggests a quiet accumulation wave that often gets overlooked during a sell-off.

For traders watching on-chain signals, the metric is one of the few concrete data points that cut through the noise of short-term price swings. Santiment tracks wallet tiers as a proxy for whale behavior.

When the number of addresses controlling a million or more XRP climbs, it typically means large players are adding to their positions—or at least that supply is concentrating among fewer hands.