XRP Price Tests This Resistance as Millionaire Wallets Tighten Grip on Supply
Key Insights:
- XRP price hit $1.26 after holding $1.14, before pulling back near the $1.30 resistance zone.
- Millionaire XRP wallets added 1.53B tokens over the past six months, Santiment data shows.
- Wallets holding at least 1M XRP now control 74.1% of the token’s circulating supply.
XRP price climbed after buyers successfully defended the $1.14 support area and pushed the token toward key resistance. The recovery coincided with broader market strength and renewed accumulation among large holders. Santiment data shows millionaire wallets increased their XRP exposure over the past six months, raising their share of circulating supply. Traders are now watching whether XRP can turn former resistance into a new support zone.
XRP Price Prediction: $1.19 Support Becomes Key After $1.26 Test
XRP price followed the short-term structure shared by EGRAG Crypto on the four-hour chart. The analyst had marked $1.14 as the main support zone before a possible retest of $1.1938. XRP price held that area, moved above $1.1938, and later tested the $1.26 target.
The rally extended as high as $1.2996 before sellers pushed the price lower. A hold above $1.19 would keep the near-term structure in favor of buyers.
However, a break below $1.19 could send XRP price back toward lower support areas. The $1.14 zone remains the next key level if selling pressure grows. A loss of that area would weaken the current recovery setup.
XRPUSD | Source: X
The chart also shows that XRP must turn former resistance into support. Without that confirmation, the move may remain a short-term rebound. For now, $1.19 and $1.26 remain the main levels to watch.
Millionaire Wallets Add 1.53B XRP in Six Months
Santiment reported that wallets holding at least 1 million XRP now control 74.1% of the circulating supply. These wallets hold about 45.98 billion XRP, based on the analytics firm’s latest update. Their control of supply has grown during a period of weak market sentiment.
Large holders added about 1.53 billion XRP over the past six months. This accumulation continued even as XRP crypto dropped toward $1.05 in recent weeks. The data shows that larger wallets increased exposure while smaller traders faced weak price action.
XRP Millionaires | Source: Santiments
Whale accumulation does not guarantee a continued rally. Still, it can reduce available supply when large holders keep tokens off the market. That can support stronger price moves when demand improves.
Santiment linked the latest rebound to both whale activity and better market conditions. XRP crypto rose about 13% in 24 hours and briefly reclaimed the $1.28 level. The move marked its first return to that area in two weeks.
Ripple Growth and XRPL Tokenization Remain in Focus
Santiment also pointed to Ripple’s institutional payment activity as a factor behind long-term interest in XRP crypto. Ripple has continued to expand its payment network through partnerships and acquisitions. These moves keep XRP crypto in focus among traders who track enterprise blockchain use.
Ripple moved to acquire BC Payments Australia as part of its plan to secure an Australian Financial Services License. The deal would help Ripple widen its payment services in the region. Earlier, Ripple’s GTreasury unit also acquired Solvexia to improve reporting and operations.
Tokenization activity on the XRP Ledger has also grown. Data shared in the update shows that tokenized assets on XRPL reached $3.7 billion in represented value. The network also hosts 293 real-world asset projects.
The post XRP Price Tests This Resistance as Millionaire Wallets Tighten Grip on Supply appeared first on The Market Periodical.
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