XRP price lost roughly 30% over the past seven weeks, but on-chain data from Santiment points to an unusual divergence developing beneath the selloff. The number of wallets holding at least 1
XRP price lost roughly 30% over the past seven weeks, but on-chain data from Santiment points to an unusual divergence developing beneath the selloff.
The number of wallets holding at least 10,000 XRP has continued to rise even as price moves closer to the psychological $1 level.
Santiment currently counts roughly 343,500 wallets in that group, an increase of 16,815 addresses, or 5.15%, over the past nine months.
That means larger XRP wallets are becoming more numerous while price is moving in the opposite direction.
The divergence is easy to see on Santiment’s chart.
XRP price has fallen from roughly $1.50-$1.60 in late September toward $1.05 today.
At the same time, the number of wallets holding 10,000 XRP or more has climbed steadily from around 326,700 in February to approximately 343,500.
At today’s price, 10,000 XRP is worth about $10,500.
— Santiment Intelligence (@SantimentData) November 11, 2026
XRP Shark Accumulation is BUILDING While Retail Fears Sub-$1.00 Prices
XRP wallets holding at least 10K tokens are growing at a rapid rate here in November. There are now roughly 343.5K of these wallets, up 16,815 (+5.15%) in 9 months. Larger holders are expanding even as XRP falls toward $1.05.
This is creating what we see as an encouraging divergence. Price has dropped roughly -30% over the past 7 weeks, while shark and whale numbers are strengthening. When larger holders keep appearing during a selloff, it suggests some higher-capital traders are using the fear to build positions instead of abandoning XRP.
$1.00 is now the key XRP level to defend. If 10K+ wallets remain in this rapid upward growth trajectory while XRP holds $1 and Bitcoin stabilizes, a reclaim of $1.10 to $1.15 could develop quickly. Losing $1 while this wallet growth reverses would likely create a short-term selloff, followed by retail FUD that should quickly lead to a bounce thereafter.
Our Live XRP 10K+ Wallet Count Chart: https://t.co/DaOzx2CDS6
So this category includes more than just traditional “whales.” It also captures smaller high-conviction holders, making “shark and whale growth” a better description than assuming every new wallet belongs to an institution or very large investor.
It is also important to remember that one person or entity can control multiple wallets.
Still, the direction of the trend is notable.
Santiment interprets the rising wallet count as a sign that some better-capitalized traders may be using the selloff to build positions rather than exit.
That does not guarantee a bottom.
But accumulation during falling prices can become more meaningful if price eventually stops making new lows.
The most important level is now $1.
If XRP holds around $1 while the number of 10K+ wallets continues to rise, it would suggest that demand is absorbing at least some of the supply entering the market.
Santiment sees $1.10-$1.15 as the first recovery zone if that stabilization develops.
From $1.05, reaching $1.15 would require a gain of roughly 9.5%.
Read also: Ripple CTO’s 2.5M XRP Sale Creates Fresh Debate Over Insider Holdings
There are two things worth watching.
First, XRP needs to defend $1.
A decisive break below that level could trigger another round of retail fear and forced selling.
Second, the 10K+ wallet trend needs to remain intact.
If XRP falls below $1 while the number of larger wallets also starts declining, the current bullish divergence would weaken substantially.
For now, though, the data presents an interesting contrast.
XRP price is approaching one of its most important psychological levels of the year, retail sentiment is deteriorating, yet the number of wallets holding at least 10,000 XRP is still moving higher.
If that accumulation continues while price stabilizes, the $1 area could become much more important than another simple support level.
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The post Ripple Sharks Are Accumulating as XRP Price Slides Toward $1 appeared first on CaptainAltcoin.
