XRP traded sideways on Sunday after a stretch of heavy market liquidity. The token gained nearly 3% over the past week while major digital assets faced continued selling pressure. On-chain data from Santiment showed a new record in XRP Ledger wallets holding at least 10,000 XRP.
Santiment data showed that about 332,230 addresses now hold at least 10,000 XRP. That marks an all-time high for the network. The rise also points to a steady build-up in mid-to-large holder activity since mid-2024.
Market observers often treat wallets with 10,000 XRP or more as a sign of committed investors. These holders usually react less to short-term swings. Instead, they often focus on longer-term positioning.
The data also showed one clear setback earlier this year. Between February 6 and 8, the number of wallets holding more than 10,000 XRP fell by more than 4,500. The drop came during a wider crypto market slump that triggered broad liquidations.
Still, the decline did not last. The rebound not only erased the loss. It also pushed wallet counts to a new record. That pattern suggests accumulation returned quickly after the sell-off.
Analyst Ali Martinez said XRP remains trapped inside a defined trading channel. He said a daily close above the upper boundary near $1.49 could trigger a breakout. In that case, the price could move toward the $1.80 area.
Another analyst, MikybullCrypto, pointed to a breakout-retest setup in XRP's recent price action. He said the asset appears to be retesting a former resistance level. Traders often view that pattern as a sign of strength when the retest holds.
Based on that structure, MikybullCrypto suggested XRP could move toward $2 soon. That view depends on supportive broader market conditions. For now, the token remains in a narrow range while traders watch for confirmation.
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U.S. spot XRP ETFs recorded their strongest weekly performance of 2026. The products drew $60.5 million in net inflows during the May 11 to May 15 trading week. That was the largest weekly intake since the funds launched.
SoSoValue data showed cumulative net inflows across all U.S. spot XRP ETFs at about $1.39 billion. Total net assets stood at $1.18 billion as of May 15. Trading volume also picked up, with weekly volume reaching about $137.2 million.
Bitwise led the group with about $25.67 million in weekly inflows. Franklin Templeton's XRPZ followed with about $21.04 million. Canary's XRPC added roughly $15.2 million, while Grayscale's GXRP took in about $16.7 million. 21Shares' TOXR stayed mostly flat. SoSoValue also reported $10.87 million in fresh inflows on May 15 alone.
XRP stayed in a narrow range even as wallet growth hit a record and U.S. spot XRP ETFs posted their strongest weekly inflows of 2026. Santiment data and analyst views suggest steady accumulation and a possible breakout if price clears key resistance levels.