The number of XRP Ledger wallets, the network created by the company Ripple Labs, with at least 10,000 XRP reached an all-time high of 332,230 addresses.
This is shown by the data published on May 12, 2026 by Santiment, an analysis firm on-chain.
As seen in the following graph, This growth trend has been developing steadily since June 2024even going through periods of volatility and pullbacks in the price of XRP.
The image shows the historical evolution of the wallets that have at least 10,000 XRP units along with the price behavior of the asset. The light blue line represents the number of addresses within this category, while the candles show the price of the cryptocurrency issued by Ripple.
According to data shown by Santiment, the growth of these wallets accelerated especially from mid-2024 and continued throughout 2025 and 2026.
The firm’s specialists indicated metric works as a reference to measure the activity of medium and large holders within the XRP ecosystem. At the time of this publication, 10,000 XRP is equivalent to $14,300. “It is an important signal in the long term,” they say.
The sustained increase is usually interpreted as a sign that more users maintain or increase relevant positions even during contexts of uncertainty.
The firm also highlighted that XRP spent a good part of 2026 trading below previous highs, which makes the growth of these wallets more relevant.
This could reflect that many investors continue to accumulate during periods of market weakness rather than pursuing short-term speculative moves.
The graph also reflects an abrupt drop between February 6 and 8, 2026when more than 4,500 wallets in this category disappeared.
Santiment indicated that there is no specific event confirmed within the XRP ecosystem that directly explains this movement. However, the firm considers it likely that there will be status related to the general market pullback and liquidations recorded on February 5a day that is remembered as “Black Thursday”, a fact that was reported by CriptoNoticias.
Since then, the growth of wallets with more than 10,000 XRP not only recovered, but it widely exceeded the levels prior to that fall.
Although the increase in large holders does not guarantee a sustained rise in price, the data shows a persistent accumulation trend in the midst of a market still marked by volatility and uncertainty.