XRP Whales Hit Record High, Analysts Eye $1.50 Breakout

XRP's large holder base has been steadily increasing since June 2024, with wallets holding at least 10,000 tokens reaching a record high of 332,230 according to Santiment data.

This growth is notable despite periods of weak price action and market stress, as larger holders continued to add XRP despite volatility. The sharp drop of over 4,500 such wallets between February 6-8 was not tied to any specific event related to XRP.

The $1.50 level is being watched by analysts as a potential breakout point for XRP, with EGRAG Crypto's Elliott Wave chart pointing to possible upside targets at $7, $13, and $27.