Markets ✓LaunchBar Newsroom 📅 October 23, 2026 at 07:37 AM ⏱ 2 min

XRP Hits 8.24M Wallets—but $112M Whale Move Puts $1.30 at Risk

XRP’s ledger reached a record 8.24 million non-empty wallets, even as the token fell 17.21% in a month to $1.31. Adoption is growing; price action is flashing caution.

4,772 new wallets appeared in one day, the fifth-largest daily spike since March.
Large holders sent $112.4M in XRP to Binance—the biggest such transfer in seven months.
Santiment watches $1.30 support and roughly 3,000 new wallets daily; $1.40 is the first upside trigger.

LaunchBar read: wallet growth alone is not a buy signal—addresses aren’t people, and exchange deposits can mean sell-side supply. Spot XRP ETFs did take in $4.25M this week, but that rebound is modest. Watch whether XRP holds $1.30 and network growth stays strong before chasing a $1.50 recovery.

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