XRP is experiencing a resurgence of interest from both retail and institutional investors, as highlighted by recent on-chain data indicating a significant upswing in accumulation by high-net-worth holders. Crypto analytics firm Santiment has reported an increase in wallets containing over 1 million XRP, which are currently valued at approximately $1.87 million. This marks the first increase since September 2025, with 42 millionaire wallets re-entering the market. This trend suggests a growing sense of confidence among key investors.
The current climate around XRP indicates a broad accumulation phase, as the number of whale wallets has risen after a prolonged period of stagnation. Historically, increases in millionaire wallets have been associated with bullish market trends, where large holders stabilizing the market can encourage smaller investors. The renewed activity among these significant holders implies a shift in sentiment, possibly foreshadowing major market movements.
A key catalyst for this renewed interest is the reported filing of an XRP exchange-traded fund (ETF) by BlackRock, the world’s largest asset manager. This development has ignited conversations across both crypto and traditional financial markets. A regulated ETF could be pivotal, unlocking institutional capital and providing retail investors with a more accessible means to invest in XRP, eliminating the complexities often associated with managing private wallets. Notably, analysts from Goldman Sachs have even predicted that XRP could reach a valuation of $1,000 by 2030.
The convergence of whale accumulation and potential institutional adoption paints a bullish picture for XRP. Generally, rising assets held by high-net-worth individuals indicate increased liquidity and market confidence, trends that typically precede price increases. BlackRock’s involvement could further accelerate mainstream acceptance of XRP, attracting significant capital inflows.
Additionally, institutional stakeholders are notably optimistic, having recently invested an additional $8.72 million following a classic liquidity sweep. Although the volatility common within crypto markets is expected to persist, the combination of growing millionaire wallets and the development of an XRP ETF suggest a potentially transformative period for the asset.
These emerging trends underscore the long-term bullish potential of XRP, making whale activity, on-chain metrics, and regulatory-driven institutional participation crucial factors to monitor as they continue to influence XRP’s market trajectory.
