XRP Whale Wallets Hit Record High as Active Address Count Surges

Despite modest year-to-date gains, XRP is showing signs of deepening investor confidence, particularly among large holders.

According to blockchain analytics firm Santiment, the number of whale and shark wallets holding at least 1 million XRP has reached an all-time high of over 2,700—a first in the token’s 12-year history.

“This milestone signals growing confidence from large stakeholders in XRP’s long-term price potential,” Santiment noted in a post on X.

XRP, the payments-focused cryptocurrency developed by Ripple Labs, is primarily used to facilitate cross-border transactions. Though its price has seen a relatively modest 7.5% increase year-to-date, on-chain metrics paint a more dynamic picture.

Active addresses on the XRP Ledger have averaged over 295,000 per day over the past week—far above the 35,000–40,000 range seen in recent months. The surge suggests rising user activity and broader engagement with the network.

As of Tuesday morning, XRP is trading flat around $2.23, per CoinDesk data.