Number of XRP Millionaire Wallets Surges: Key Metric Signals Growing Whale Confidence

The number of cryptocurrency wallets holding at least 1 million XRP tokens is experiencing a significant resurgence, according to on-chain data. This key metric, often tracked by analysts to gauge sentiment among large-scale investors or "whales," indicates a renewed accumulation phase. The rising count of these high-balance addresses suggests growing confidence from major holders in the XRP asset. Such accumulation trends are typically viewed as a bullish signal for the underlying cryptocurrency, as it reflects reduced selling pressure from large entities and potential anticipation of future price appreciation. Market observers are closely monitoring this wallet growth alongside other network activity and regulatory developments affecting Ripple and the XRP ledger.