XRP stuck below $1.60 despite individual wallets hitting 5.66 million peak - Why?

Investors’ interest in Ripple (XRP) is gradually recovering, primarily driven by retail investors. Data from Santiment shows the number of wallets holding less than 100 XRP has surged to a record 5.66 million addresses, reflecting a clear return of retail capital.

Not only that, but the group of investors holding between 100 and 100,000 XRP also hit a new high with 2.01 million wallets, further strengthening positive signals about market demand.

Source: Santiment Notably, whales holding over 100,000 XRP have started to show signs of accumulation again in March, although cautiously. Previously, this group had maintained a continuous sell-off trend since late 2025, exerting significant downward pressure on the price.

Currently, whale selling pressure has temporarily eased, but activity to increase positions remains slow, indicating that market sentiment has improved but has not yet broken out.

Whale demand for XRP turns positive

This trend is clearly reinforced by the 30-day Whale Flow index — a measure of overall demand from large investors. After a period of continuous reduction in holdings from July to November 2025, selling pressure persisted into December and early January before gradually weakening. By March, this index turned positive for the first time since July 2025, indicating that whales have returned to net buying XRP.

Source: CryptoQuant The recovery in demand helped push XRP’s price up 21% in the first half of March, from $1.3 to $1.6. Notably, even as the market faced correction pressure following the Fed’s hawkish stance on interest rates, the accumulation trend in March remained intact. If positive on-chain signals continue, XRP is likely to enter a new growth phase as the overall market environment becomes more favorable.

Could XRP bulls break through the $1.6 supply zone?

On the price chart, XRP was recently rejected at the $1.6 level — a key resistance zone that previously halted the breakout in February. Meanwhile, buying interest continues to leverage the $1.34 area as a potential entry point, indicating demand still exists at lower price levels.

If the sideways trend persists, a range trading strategy — buying at demand zones and selling at supply zones — remains a reasonable approach.

Source: TradingView However, if selling pressure increases and pushes the price below $1.30, the current accumulation structure will be broken, opening the risk of deeper declines.

Overall, despite recent corrections, XRP continues to show signs of strong accumulation from both retail investors and whales.