TLDR
- Addresses on the XRP Ledger containing 10,000+ XRP reached an unprecedented 332,230, showing consistent growth from June 2024.
- Technical analyst EGRAG CRYPTO released Elliott Wave projections suggesting XRP could reach $7, $13, or $27.
- A proposed lending protocol amendment on XRPL has secured 22% validator approval, with the voting period still active.
- The fixCleanup3_1_3 technical amendment has obtained majority validator backing and is scheduled for activation on May 27, 2026.
- XRP currently trades near $1.46, facing critical resistance at $1.48 with technical indicators suggesting potential movement toward $1.58.
Blockchain analytics provider Santiment has revealed that the number of XRP Ledger addresses containing a minimum of 10,000 XRP tokens has climbed to an unprecedented 332,230. This metric has demonstrated consistent upward momentum since the middle of 2024, persisting even while XRP has remained beneath its previous bull run peaks throughout 2026.
The analytics platform characterized this pattern as an indicator of sustained long-term accumulation. According to their assessment, substantial holders have persistently increased their holdings during market downturns and periods of elevated uncertainty.
“The continued rise in XRP Ledger wallets holding at least 10,000 XRP is an important long-term signal because it shows that larger holders have kept accumulating even during periods of volatility and uncertainty,” Santiment wrote.
A notable exception occurred earlier in the current year when this wallet category experienced a significant contraction. During a two-day window from February 6 through February 8, more than 4,500 addresses within this threshold vanished, which Santiment attributed to a widespread cryptocurrency market correction beginning around February 5. The metric has subsequently rebounded and surpassed previous peak levels.
It bears mentioning that wallet addresses on the XRPL don’t necessarily correspond directly to unique holders. Cryptocurrency exchanges frequently consolidate assets for numerous customers under a limited number of custodial addresses.
Long-Term Price Projections Reemerge
Cryptocurrency chart analyst EGRAG CRYPTO published an updated Elliott Wave technical analysis this week, presenting three potential long-range price objectives for XRP: $7, $13, and $27. The evaluation included two distinct wave pattern interpretations—designated as green and blue scenarios—both indicating upside potential but following divergent trajectories.
Market commentator Neel Macro provided a more conservative outlook, observing that XRP remains confined within a tight trading band alongside the wider cryptocurrency sector. According to Neel Macro, a breakthrough above $1.60 might enhance near-term bullish momentum, whereas surpassing $2 could trigger more substantial buying interest.
XRP peaked at $1.50 on May 10 and is presently trading around $1.46. The digital asset has appreciated from $1.34 recorded on April 29.
Technical Indicators and Network Developments
From a technical analysis perspective, market observers are monitoring for a potential golden cross formation where the 50-day simple moving average would rise above the 100-day SMA. This bullish signal remains pending, and the $1.48 resistance zone has maintained its position thus far. Should XRP successfully breach $1.48, technical analysts anticipate the subsequent objective at $1.58, where near-term buyers may establish positions once that threshold transforms into support.
The Relative Strength Index currently registers at 58, indicating that buying pressure continues to exceed selling pressure at present price levels.
Regarding network governance developments, 22% of XRP Ledger validators have cast favorable votes for a lending protocol enhancement that would introduce decentralized finance capabilities to the XRPL infrastructure. The voting mechanism remains open for additional validator participation.
In parallel, the fixCleanup3_1_3 amendment—a technical maintenance upgrade—has successfully secured majority validator endorsement and is projected to activate on May 27, 2026, contingent upon sustained support throughout the mandated voting period.
XRP achieved a cycle maximum of $3.36 in June 2025 before retracing to $1.11. At the current $1.46 valuation, the asset trades 8.15% above a crucial support threshold positioned at $1.35.
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