The Currency analytics

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

By Jean-Luc Maracon

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.

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

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

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?

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…

Trading activity keeps drawing attention.

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

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.

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

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

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.

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.

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

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

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

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