What 25,000 New Wallets Mean for the $2 Level
XRP Continues to Outperform Bitcoin and Ethereum in 2026
XRP has been making waves in the cryptocurrency market as it hovers near the $2 level. While daily price movements are important, there is a significant shift happening behind the scenes. Data from the XRP Ledger indicates a notable increase in the number of wallets holding XRP, suggesting that many holders are opting to move their tokens off exchanges and into private custody.
XRP Supply Moving Off Exchanges
In recent days, there has been a surge in XRP leaving public exchanges at a rate not seen in years. When tokens are moved off exchanges, they are less likely to be sold quickly. While this doesn’t guarantee higher prices, it does decrease the available supply of XRP for trading. This trend is occurring amidst continued volatility in the broader crypto market.
25,000 Wallets Join Higher Holding Tiers
A significant change is the rise in higher-balance wallets. According to analysts, over 25,000 new XRP addresses have moved into higher holding tiers in just 48 hours. This accumulation period is one of the strongest since the 2021 bull market. The new wallets come from various groups, including smaller holders, mid-sized investors, and larger holders, all contributing to a growing portion of the circulating supply being held outside exchange order books.
Wallet Growth Surpasses 7.5 Million
The total number of XRP wallets has crossed the 7.5 million mark, reaching a milestone earlier than anticipated in 2026. A larger wallet base means ownership is spread across more participants, reducing the impact of sudden large sell-offs by a small number of holders. With millions of wallets holding XRP, price movements are increasingly influenced by broader market behavior rather than individual transactions.
Changing Landscape of Top XRP Holders
As XRP surpasses the $2 mark, the entry point for higher holder tiers has increased. Currently, the top 10% of XRP holders possess around 2,350 XRP or more, while the top 1% tier begins near 50,000 XRP. The $2 level has become a crucial reference point, with strong buying interest seen between $1.95 and $2.05, creating a demand zone that has consistently attracted buyers.
In Conclusion
The structure of XRP ownership in early 2026 differs from previous cycles, with more participants holding XRP and fewer tokens available for immediate sale. While this doesn’t eliminate risk, it does suggest that sustained selling pressure is required to push prices lower. XRP’s resilience above $2 reflects a changing landscape in the cryptocurrency market, where ownership is more widespread and supply is less concentrated on exchanges.
