XRP showed some signs of healing over the past 48 hours, up about 5.3% from its recent low, according to on-chain analytics platform Santiment. The rebound comes as investor confidence appears to be returning, as it coincides with a steady increase in the number of medium to large XRP holders. Notably, on-chain data shows that the XRP ecosystem now has over 317,500 wallets containing at least 10,000 XRP tokens for the first time in its history.
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Medium to Large XRP Holders Hit Record 317,500 Wallets
Despite the recent price woes of XRP and the rest of the crypto market, on-chain data shows that the XRP holder base is growing among crypto investors. Notably, Latest data from Santiment shows that the number of XRP wallets holding at least 10,000 tokens has reached an all-time high of around 317,500.
The Santiment data graph, shown below, indicates that the XRP network has added approximately 1.8% more wallets containing 10,000 tokens or more in the last thirty days alone. Interestingly, Santiment’s data further shows that the upward slope of this metric has remained constant 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 are taking advantage of falling prices to strengthen their holdings. As such, a growing segment of investors are buying XRP for long-term gains rather than short-term price action.
XRP, currently hovering around $2.35, could benefit in the long term from this growing base of committed holders. Its price trajectory now depends on its ability to maintain momentum above $2.3. If the on-chain bullish sentiment translates into consistent buying pressure, XRP could extend its rebound and aim for at least $2.8 before the end of the week.
However, if the momentum stops, the price could enter another downward phase before an upward movement. Nonetheless, the record growth in wallets holding more than 10,000 XRP provides a strong long-term foundation that could support the value of the cryptocurrency in the weeks to come.
Number of over 10,000 XRP wallets. Source: Santiment
Ripple’s Acquisition of GTreasury Adds Institutional Dynamics
Ripple Labs, the company behind XRP, recently announced the acquisition of GTreasury for $1 billion, making it its third-largest transaction in 2025. The deal will integrate GTreasury’s treasury management software, used by global businesses to manage liquidity, cash flow forecasting, payments and risks, into Ripple’s infrastructure suite.
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GTreasury serves more than 1,000 clients 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-billion dollar corporate treasury market and large enterprise clients previously beyond its direct 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
