The XRP Ledger has reached a significant network milestone, with the number of wallets holding at least 10,000 XRP climbing to an all-time high. With over 332,230 addresses now meeting this threshold, the data reflects a robust level of confidence among long-term investors, colloquially known as whales, who appear to be positioning themselves for future market developments despite recent volatility.

This trend of accumulation accelerated following a brief market correction in early February, which had initially caused a temporary dip in the number of large-scale wallets. The rapid recovery in these figures suggests that major participants viewed the price volatility as an opportunity to bolster their positions, effectively treating the market downturn as a strategic entry point. This behavior highlights a clear focus on the long-term utility of the asset over short-term price movements.

From a technical perspective, XRP is currently consolidating near the $1.45 mark as it approaches the significant $1.50 resistance level. Market analysts are closely monitoring this range, noting that while the asset faces overhead pressure, it maintains strong support at the $1.35 level. With the Relative Strength Index currently in a neutral position, there remains potential for a breakout if momentum builds, with upside targets potentially reaching toward $2.00 or higher should the current consolidation pattern resolve in favor of the bulls.