The current decline in XRP's market value has not led to loss-taking by large stakeholders — on the contrary, a phase of aggressive accumulation has unfolded in the market. According to data from the analytical platform Santiment, an absolute record for the current year has been set on the XRP Ledger network: 2,147 wallets now hold a balance of 1 million tokens or more.
The main inflow of capital came during the price correction period, when the asset's market price dropped to the $1.27 mark.
The main activity of large capital unfolded at the end of October. The dynamics with which investors are forming large positions points to a rigid strategic calculation: over the past ten days, 28 new addresses have attained millionaire status, and 18 of them were opened during the final three days of the reporting period.
Unlike speculative capital oriented toward quick profit, large holders traditionally use phases of price weakness for buying. The growth in the number of millionaires at such a moment confirms that large balances are being systematically increased rather than liquidated.
Such divergences between a falling chart and an inflow of institutional capital often precede the formation of a long-term market bottom.
What is happening with XRP right now
Is this surge a signal that the price has found a bottom? Analysts identify three clear price thresholds that will give a precise answer to this question in the coming days:
• The $1.20 – $1.25 zone (Foundation): A critical support line and the main indicator of a potential bottom. If the price holds in this range and the number of millionaire wallets remains above 2,140, the long-term growth scenario will remain in force.
• The $1.30 milestone (Psychology): A local resistance level, a return above which is necessary to confirm a reversal and restore optimism in the mass market.
• The $1.40 level (Confirmation): Consolidation of the price above this mark amid a continuing inflow of large holders will prove that the bottom has been definitively passed and that capital is ready to drive the asset toward new highs.
Thus, the sustainability of XRP's current bullish setup depends directly on the ability of large capital to hold key support levels during the coming market movements.
