XRP shark wallets grow 5% as price nears key $1 level

On-chain analytics firm Santiment reports that wallets holding at least 10,000 XRP have grown by 16,815 over the past nine months, reaching approximately 343,500 as of November 11, 2026. This accumulation has occurred despite XRP falling roughly 30% over the past seven weeks, with the token now trading around $1.05—dangerously close to the psychologically significant $1 mark.

Growing Concentration

The accumulation becomes more pronounced among larger holders. Wallets holding 1 million XRP or more reached 2,147, a new high for 2026, with 28 new addresses added in just ten days through early November. The trend extends to the largest holders, with wallets containing at least 10 million XRP controlling about 68.5% of the total supply—46.87 billion tokens—the largest share since late 2022.

Accumulation Signal

Santiment analysts interpret this pattern as deliberate accumulation by significant investors during a period of price weakness. "If big holders were the ones dumping, you would expect the count of large wallets to shrink as they distribute tokens to the broader market. Instead, the count is growing, which implies tokens are flowing toward bigger balances, not away from them."

Market Implications

The growing concentration of XRP among major wallets creates both potential support and vulnerability. The immediate focus is on the $1 level, which carries psychological weight for traders. Going forward, key signals will be whether the 10,000-plus wallet count continues rising, whether the 1 million-plus cohort maintains its 2026 highs, and whether the top-tier share of supply remains near its late-2022 peak.

If these metrics start declining while the price remains weak, it could indicate that large holders are beginning to cash out, potentially triggering further downward pressure on the token.