XRP Price Eyes $1.6 Breakout as Whale Wallets Hit Record
XRP, the native cryptocurrency of the XRP ledger shows a slight uptick of 0.8% during Wednesday’s U.S. market hours to trade at $1.44. The price jumps aligns with the broader crypto witnessing a slowdown from early week sell-off as Bitcoin shows sustainability above the $80,000 mark. In addition, the increasing number of crypto wallets holding +10k XRP indicate a strong conviction from mid-to-large term investors, for a renewed recovery in its price. Is the XRP price ready to reclaim $1.5 floor?
XRP Ledger Wallet Data Hits Record Levels
According to blockchain analytics platform Santiment, the number of XRP Ledger addresses with at least 10,000 XRP tokens rose to 332,230 this week, marking all-time highs. The figure reflects the continuation of an upward movement that had started in mid-2024.
The salient feature of this data is the way these big players act when prices are falling or flat. Through most of 2026, XRP has traded beneath its earlier peaks, yet wallet counts kept rising — pointing to deliberate buying activity rather than passive retention.
This type of address is usually linked to investors with longer time horizons, and there is a clear difference in how investors’ activity tends to move when the sentiment is low.
There was a brief pause in the pattern in early February as the number of wallets dropped by more than 4,500 in about 48 hours. There is no specific event that can be pinned down as a trigger, but the timing coincides with a market-wide sell-off on February 5th that resulted in forced liquidations of many crypto assets. Since then the wallet has fully recovered and surpassed previous levels.
Historically, an accumulation from high-networth investors has often coincided with major market bottom or renewed recovery in crypto assets. Thus, the XRP price shows projects a higher potential for bullish breakout from ongoing consolidation trend.
In addition, the open interest tied to XRP’s futures contract has witnessed a renewed recovery. According to Coinglass, the OI value has bounced from the early March low of $2.11 billion to current value of $2.89 billion. This indicates a build up leveraged position in XRP’s market, signaling the traders anticipation for a directional move.
Also Read: BlackRock Files New Tokenized Treasury Fund with SEC
XRP Price Coiling For A Major Breakout From Triangle
Over the past three months, the XRP price has witnessed a steady consolidation trend within two converging trendlines in daily charts. These trendlines act as dynamic resistance and support, indicating the formation of a classic continuation pattern called symmetrical triangle.
The chart setup is commonly spotted within an established trend, as the pattern’s temporary consolidation could recoup the prevailing momentum for the next breakout.
Currently, the XRP price is $1.44 and holds a market cap of $88.84 billion. If the broader market sentiment remains uncertain, the coin price could plunge 2% and challenge the bottom trendline of the pattern.
A bearish breakdown below the floor would strengthen the sellers grip over this asset and drive a prolonged correction of over 18% to hit $1.12.
Similarly, the XRP price is just 2% short from the challenge of the pattern’s resistance trendline at $1.3. The horizontal level stands as major resistance of XRP buyers, as several technical including 100-day exponential moving average (EMA), triangle resistance, and a downsloping trendline defend this region,
A breakout from this resistance would accelerate the market buying pressure and bolster price rally to $1.6, followed by $1.8.
A momentum indicator RSI (Relative Strength Index) above 54% accentuates the bullish market sentiment in the market to support an upside breakout.
