MV Capital - XRP Ledger Shatters Records as 332,230 Whale Wallets Signal Strong Accumulation

The XRP Ledger continues its record-breaking streak, with the number of wallets holding 10,000 XRP or more reaching an all-time high of 332,230

This sustained growth in large-holder addresses highlights deepening conviction among major participants even as the broader market navigates consolidation.

Data from on-chain analytics platforms shows this accumulation trend has been consistent since mid-2024, with only a brief pause in early February during a wider market correction that saw over 4,500 wallets exit the bracket temporarily. The count has since recovered strongly and pushed to fresh records.

Network Usage Hits New Levels

The XRP Ledger recorded nearly 2,649 new accounts created in a single recent day, while daily transactions frequently exceed one million. Over the past 12 months, monthly transaction volume jumped 65%, climbing from approximately 43 million to 71.5 million.

This expansion is backed by growing real-world adoption, including tokenized assets and stablecoin activity. In the past 30 days alone, the network processed $2.3 billion in tokenized real-world assets and $1.77 billion in stablecoin transfers. Tokenized U.S. Treasuries on the ledger grew eightfold year-over-year.

Key On-Chain Metrics (as of May 14, 2026)Wallets holding ≥10,000 XRP: 332,230 (All-time high)
Monthly transactions: +65% year-over-year
Daily new accounts: ~2,649 (recent peak)
30-day RWA volume: $2.3 billion
Daily transactions: Consistently above 1 million

Price Action and Technical Outlook

XRP is currently trading in the $1.40–$1.50 range, maintaining support above the $1.34–$1.27 zone. The token has broken out of a multi-month descending resistance and sits near its 100-day exponential moving average. Analysts are watching the $1.50–$1.80 resistance zone, with potential targets at $1.61 and $1.77 if buying pressure builds.

Technical indicators remain constructive without reaching overbought levels, suggesting the on-chain strength could support further upside if market conditions align.

Institutional Momentum Building

The wallet growth aligns with broader ecosystem developments, including cross-border payment pilots and tokenized asset settlements. The XRP Ledger’s fast finality (3–5 seconds) and low costs continue to attract financial institutions exploring efficient capital markets infrastructure.

While XRP price remains below previous all-time highs, the combination of rising large-holder participation, higher transaction counts, and real-world asset activity points to growing underlying demand on the network.