XRP Millionaire Wallets Increase for First Time Since September, Price Outlook Positive

Highlights:

• XRP millionaire wallets are rising again for the first time since September.
• Santiment reports 42 wallets with over one million XRP added since January 1, despite a 4% price decline.
• Analysts split on outlook, some target $2.30, others warn about regulatory pressure.

XRP has seen a clear rise in large holder activity since the start of 2026. Data from Santiment shows that wallets holding more than one million tokens have increased for the first time since September. Santiment noted that XRP’s price is down about 4% in 2026. Even so, the number of “millionaire” wallets is rising again.

🐳🦈 XRP's price is down a modest -4% since the start of 2026, but its amount of 'millionaire' wallets are rising for the first time since September. A net of +42 wallets with at least 1M $XRP have returned to the ledger, an encouraging sign for the long-term. pic.twitter.com/nmB4hCxtZO

— Santiment (@santimentfeed) January 28, 2026

XRP Shows Strong Accumulation as Smart Money Returns

In addition, the analytics firm confirmed that 42 wallets holding more than one million XRP have returned to the ledger since January 1. At the time of reporting, XRP was trading at $1.88. This means each wallet holds nearly $1.87 million in value. Because of this, Santiment called the trend an encouraging sign for the long term. 

Alongside this, Nansen reported that accumulation by “smart money” traders has increased by 11.55% over the past 30 days. These traders are among the most successful in the market. As a result, their growing activity is often seen as a sign of strong confidence in the asset. Moreover, comparing XRP’s price with its transaction activity suggests early signs of a recovery. Data from Artemis shows that daily on-chain transactions have crossed 2 million, with peaks near 2.5 million at several points this month.

Meanwhile, opinions remain mixed about XRP’s short-term direction. Crypto trader CW said in an X post that XRP may soon break through the selling wall. He added that net buying is still strong and the trend is turning positive. If this level breaks, the price could move toward $2.30. 

$XRP looks like to break through the selling wall soon.

Net buying remains strong, and the trend is reversing.

If this sell wall is broken, the price could continue rise to $2.3. pic.twitter.com/wKippkMmmj

— CW (@CW8900) January 28, 2026

XRP Outlook Bright but Caution Remains

Asset manager 21Shares also shared a positive view. The firm manages over $11 billion in assets and runs the largest XRP exchange-traded fund. Its base outlook suggests the token could rise about 50% and move toward $2.45. The forecast is based on better regulatory clarity, stronger institutional interest, and rising cross-border payment use. In addition, the expected end of the Securities and Exchange Commission lawsuit in 2025 could encourage more United States institutions to adopt RippleNet.

Meanwhile, ETF inflows remain steady. XRP funds have attracted more than $1 billion and now hold roughly $1.3 billion in assets. Since this happened during a weak market, demand could grow faster when conditions improve. Moreover, institutional activity continues to expand across tokenization, stablecoins, and decentralized finance. The XRP Ledger already supports over $1 billion in tokenized assets, while its decentralized finance value has grown nearly 100 times in two years.

On the other hand, Swyftx lead analyst Pav Hundal urged caution. He said future gains depend too much on market stories. He also warned that XRP could face pressure if any negative surprises appear during the US CLARITY Act voting process.