Altcoins News

Story: XRP Millionaire Wallets Surge Despite Token’s 4% January Drop

By Jean-Luc Maracon

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XRP drops roughly 4%. The token trades near $1.90 as January winds down, but something interesting happens behind the scenes. Big holders keep buying.

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Santiment data from January 29 shows 42 new wallets now hold at least one million XRP tokens since the year started.

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XRP trades roughly 25% below its 200-day moving average near $2.50, which isn't great news for bulls.

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21Shares released projections recently that map out XRP's potential paths forward. Their base case targets $2.45, while the bull scenario reaches $2.70. Bear case?

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Spot XRP ETFs pulled in over $1.3 billion in assets since launching. But 21Shares warns that continuous inflows, tokenization growth, and adoption of Ripple's RLUSD stablecoin…

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Trading activity keeps drawing attention.

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CoinDesk noted on January 28 that volumes across major exchanges saw a slight uptick, despite prices hovering below key resistance.

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Ripple's legal challenges still cast shadows over the token's path. The SEC lawsuit settlement in August 2025 was huge, but implications keep unfolding.

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Investor sentiment around XRP stays mixed, according to a January 27 Glassnode report. Some investors increase holdings while others diversify into different assets amid…

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No official statements came from Ripple about these developments. The company's silence leaves analysts speculating on strategic responses to the evolving landscape.

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Crypto analyst Michaël van de Poppe commented on Twitter January 26 about XRP's price action. Van de Poppe: "XRP is in a crucial phase right now.

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Messari data from January 25 revealed XRP's daily trading volume stayed relatively stable around $1 billion. Steady volume suggests consistent interest despite price stagnation.

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Grayscale Investments announced January 24 it increased XRP holdings in its Digital Large Cap Fund.

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Bloomberg reported January 23 that Ripple's partnerships with financial institutions continue expanding, with new collaborations in Asia and the Middle East.

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Ripple announced a strategic initiative January 22 aimed at bolstering XRP's role in remittance.

The Currency Analytics

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