XRP wallets holding 1 million tokens climb to 2,147, highest of 2026

Analysts watching the 1M+ tier now have a concrete signal: 28 new wallets joined in ten days, 18 in just the last three, pushing the group to 2,147. That pace lets traders separate short-term flippers from accumulators building positions during price stagnation. Exchanges and custodians tracking wallet concentration gain a sharper read on supply lockup, while retail holders get a sentiment gauge independent of the spot price sitting below $1.35.

Rising whale counts are routinely read as bullish conviction, but the ledger added 7,934 new wallets on November 1 alone, the sixth-highest daily total of 2026, meaning new addresses could just as easily be exchanges, custodians or bots redistributing balances rather than individual believers. Treating wallet tallies as proof of demand glosses over that ambiguity. The real tension is between an on-chain metric suggesting accumulation and a price chart still stuck under resistance, two signals that do not have to agree.

The next test is whether XRP clears the $2 resistance zone that EGRAG and others have flagged, with the $1.35 level acting as the immediate hurdle before that. A sustained push of the 1M+ wallet count past 2,147 in coming weeks would strengthen the accumulation case; a plateau or reversal would suggest the November 1 wallet surge was transactional rather than a holding pattern.

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.