XRP’s trajectory this year has been defined by short rallies and pullbacks.
Although the token has posted a modest 7.7% recovery since the US-Iran conflict, it is still down 20.7% year to date (YTD)
However, a key on-chain signal points to strong underlying momentum, highlighting growing conviction among holders. XRP Holders Keep Accumulating Despite Price Slump Santiment’s data shows wallets holding at least 10,000 XRP have climbed to an all-time high of 332,230. This extends a broader upward trend that has been underway since June 2024.
The analytics firm stressed that rising counts typically signal greater conviction among those less focused on short-term price swings. “This is especially notable because XRP has spent much of 2026 trading below previous highs, meaning many holders appear willing to accumulate during fear rather than chase momentum,” the post read. Nonetheless, wallet counts did not rise in a straight line. Between February 6 and 8, the cohort lost over 4,500 wallets in the trend’s sharpest contraction.