Ripple Prices are down about 4% this month, a negative start to the new year. Yet on-chain data shows a positive trend.
According to data source Santiment, the number of “millionaire” wallets, or wallets holding at least 1 million XRP, increased for the first time since September 2025.
This month, its numbers rose by 42 to 2,016, ending four months of decline. XRP is a payments-centric cryptocurrency used by fintech company Ripple to facilitate cross-border transactions.
Santiment said on
The good news doesn’t stop there for XRP bulls. U.S.-listed spot exchange-traded funds (ETFs) linked to XRP saw net inflows of $91.72 million this month. The funds raised $666 million and $499 million in investor capital in November and December, respectively, according to data source SoSoValue.
This trend contrasts with the decline in demand for Bitcoin ETFs have processed $278 million worth of redemptions this month, following outflows of more than $4 billion in the final two months of 2025.
Despite this, the price of XRP is still in a broad downward trend, as shown in the chart below. The cryptocurrency last traded at $1.88, down 1.7% in 24 hours.
The coin failed to regain its 50-day moving average this month, with rallies repeatedly fading around the $2 mark. This suggests larger holders may be focusing on the longer-term view rather than chasing near-term momentum.
This disparity—increased balances among large shareholders, steady ETF inflows, and subdued price action—suggests calm accumulation rather than a speculative bubble. Historically, similar setups in XRP preceded periods of consolidation that preceded large moves, although the timing differed significantly.
Currently, XRP appears to be stuck between long-term positioning and short-term risk-off. Without a broader pickup in cryptocurrency market momentum, especially for Bitcoin and Ethereum, the token may struggle to convert improving fundamentals into sustained upside.
