XRP wallets holding at least 10,000 tokens jumped 5.15 percent over nine months to 343,500 addresses as of Nov. 11, according to blockchain analytics firm Santiment. The expansion comes as XRP's price fell roughly 30 percent over seven weeks, hitting $1.05.
This whale accumulation into weakness is the move. Larger traders are buying the dip while retail panic-sells. On Nov. 3, a record 2,147 addresses held at least 1 million XRP—the highest annual count. That cohort added 28 addresses in 10 days.
XRP traded at $1.06 on Nov. 11, having dropped 18.61 percent from $1.31 a week earlier and 22.35 percent from $1.37 a month prior. Year-over-year the token is down 55.93 percent from $2.41.
Santiment flagged $1.00 as the critical support level. A hold above $1, continued expansion in the 10,000-token whale cohort, and stabilization in bitcoin's price action set up a recovery toward $1.10 to $1.15. Break below $1 combined with a reversal in large wallet growth and you get a short-term washout.
One caveat: a single XRP Ledger address can hold funds for multiple individuals, especially through exchange custody. Destination tags create shared addresses. So wallet count does not always equal individual ownership. Likewise, when holders move assets into self-custody, new wallets appear without any new purchase—just a shift in custody structure.
