XRP has shown some signs of recovery in the past 48 hours, up about 5.3% from the recent low, according to analytics platform Santiment. The recovery comes at a time when investor confidence appears to be returning, as it coincides with a steady rise in mid-to-large XRP holders. On-chain data shows that for the first time in its history, the XRP ecosystem now has more than 317,500 wallets holding at least 10,000 XRP tokens.
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Medium to large XRP holders reach a record 317,500 wallets
Despite XRP’s recent price woes alongside the rest of the crypto market, on-chain data shows that the number of XRP holders among crypto investors is increasing. Remarkably, Santiment’s latest data shows that the number of XRP wallets holding at least 10,000 tokens has reached an all-time high of approximately 317,500.
Santiment’s data chart, shown below, indicates that XRP’s network added approximately 1.8% more wallets holding 10,000 or more tokens in the last thirty days. Interestingly, Santiment’s data further shows that the upward slope of this metric has been consistent throughout 2025.
The increase in the number of medium and large wallets shows that many XRP investors are not concerned about the recent price drops. Instead, many of them are taking advantage of lower prices to strengthen their holdings. As such, a growing segment of investors are purchasing XRP for long-term profit rather than short-term price action.
XRP, which currently hovers around $2.35, could benefit in the long run from this growing base of dedicated holders. The price trajectory now depends on it on its ability to maintain momentum above $2.3. If the bullish sentiment on the chain translates into consistent buying pressure, XRP could continue its recovery and target at least $2.8 before the end of the week.
However, if momentum stagnates, the price falls may enter a new downward phase before an upward movement. Nevertheless, the record growth in portfolios holding more than 10,000 XRP provides a strong long-term foundation that could support the cryptocurrency’s value in the coming weeks.
Number of 10K+ XRP wallets. Source: Santiment
Ripple’s acquisition of GTreasury adds institutional momentum
Ripple Labs, the company behind XRP, recently announced the acquisition of GTreasury for $1 billion, making it the third largest deal in 2025. The deal will bring GTreasury’s treasury management software, used by global companies to manage liquidity, cash forecasting, payments and risk, into Ripple’s infrastructure suite.
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GTreasury serves more than 1,000 customers in approximately 160 countries and has more than 40 years of experience in corporate treasury operations. The move gives Ripple immediate access to the multi-trillion-dollar corporate bond market and to large corporate customers previously beyond its immediate reach. There are also reports that Ripple is plans to raise $1 billion to build an XRP treasury.
At the time of writing, XRP was trading at $2.35.
Featured image from Unsplash, chart from TradingView