XRP price forecast as more whales bet on bounce

• XRP Ledger has reached a record 332,230 wallets holding 10,000 or more XRP.
• Growth after a sharp dip earlier in the year highlights long-term holder conviction.
• XRP price eyes a breakout above key resistance around $1.50.

The XRP cryptocurrency continues to navigate choppy waters below $1.50, largely fluctuating alongside top altcoins.

Meanwhile, the XRP Ledger has hit a new milestone, with on-chain data revealing an all-time high in terms of wallets holding at least 10,000 XRP.

But what does this wallet growth suggest? And could broader gains lift prices above the key resistance level?

XRP Ledger wallet growth: Record high for 10,000+ cohort

Whales have largely bought the dip on major altcoins in recent weeks, and on-chain metrics highlight this as the case for XRP Ledger.

Data shows a fresh streak in crypto inflows coincides with an expanding XRP holder base. In particular, addresses with 10,000 XRP or more have climbed to 332,230.

According to data Santiment shared early Wednesday, this is the highest ever recorded mark for this cohort. The expansion has persisted through 2026’s price stagnation, where XRP has so far traded below its recent peak.

Notably, accumulation has picked up after a major dip between February 6 and 8, which saw more than 4,500 wallets drop from the 10k or more XRP category.

The sharp decline as seen in the chart below aligns with the crypto market bloodbath that triggered massive liquidations on February 5.

This resilience points to accumulation by conviction-driven investors.

Analysts say such whales are less swayed by volatility and more focused on XRP’s utility and long-term outlook.

It’s a move that signals increased institutional adoption, especially as crypto funds notch a multi-week streak.

XRP price outlook

As noted, the XRP price currently consolidates below the $1.50 resistance level.

However, it’s forming a tight range amid the latest upswing for risk assets, hovering near $1.45 as of writing on May 13, 2026.

Bitcoin’s push for a retest of $82,000 means muted upward action for altcoins, and XRP could mirror the sentiment as renewed risk appetite slowly sips into the broader market. Yet buyers may have eyes on breaking higher.

In this case, the token faces immediate overhead resistance at the $1.50 level, where prior rejections have capped momentum.

From a technical perspective, XRP exhibits a bullish consolidation pattern on the daily chart, with support holding at the 50-day moving average near $1.35.

Meanwhile, the RSI indicator hovers in neutral territory, meaning further room to manoeuvre before entering overbought conditions.

A breakout could allow bulls to target $2.00 and $2.75. The main focus could be a return to above $3.00.

Conversely, a drop below $1.35 might mean a retest of $1.20 lows.