XRP's count of million-token wallets has climbed to its highest level of 2026, even as the token trades below its 200-day moving average. On-chain analytics firm Santiment reported 2,147 wallets holding at least one million XRP, while analyst Ali Charts pointed to a four-hour Bollinger Band breakout that could signal a major price move. XRP trades near $1.275, with resistance at $1.35 and potential recovery targets at $1.47 and $1.55, according to price data through November 4, 2026, while daily active addresses have slipped to roughly 29,400.

Million-Token XRP Wallets Reach a 2026 High

Santiment said in a post on X that the number of wallets holding at least one million XRP rose by 28 over the past 10 days, with 18 of those wallets joining in the most recent three days. The total now stands at 2,147, the highest count recorded in 2026.

The analytics firm said large holders typically maintain longer investment horizons than short-term traders, and that the wallet count climbing through a stretch of price weakness points to growth in large balances. Wallet counts of this kind are a staple of on-chain analysis because balances are recorded directly on-chain, though an address measures holdings rather than a verified owner, since a single address can hold tokens on behalf of multiple users.

Santiment identified $1.20 to $1.25 as an important holding range and said keeping the wallet count above 2,140 would support that longer-term setup. For stronger confirmation, the firm pointed to a recovery above $1.30, followed by $1.40, with continued growth in large-wallet numbers alongside those price gains providing firmer evidence of accumulation.

Analyst Points to Bollinger Band Breakout

Separately, Ali Charts said XRP recorded its tightest Bollinger Band squeeze since August on the four-hour chart and has since pushed above the upper band. A previous squeeze of similar scale preceded a rally of nearly 71% in three days, and the analyst said another major price move could be starting. No specific price target was offered for the latest setup. Bollinger Bands track volatility around a moving average, and a squeeze — narrowing bands — is conventionally read as compressed volatility that tends to give way to a sharp expansion, without on its own indicating direction.

XRP Holds Near $1.27 as Network Activity Falls

XRP traded around $1.275 on November 4 after months of volatility. The token initially moved between $1.40 and $1.45 before sliding to about $1.00 in early August. A late-August recovery carried it toward $1.60, but momentum faded and prices declined through October.

The 50-day moving average stood near $1.27, while the 200-day average — a long-term trend benchmark widely referenced by technical analysts — sat around $1.35, leaving XRP slightly above the shorter average but below the longer one. The chart places immediate support near $1.27 and resistance at $1.35, with a sustained move above that resistance putting $1.47 in focus and $1.55 flagged as a further potential recovery level.

Network activity has cooled alongside the price. Daily active addresses, a count of distinct addresses transacting on the network each day, peaked near 938,000 in late August, in line with the rally, but the latest reading fell to approximately 29,400. Total XRP holders, by contrast, continued to rise, reaching about 8.29 million despite weaker prices, a trend consistent with the growth in million-token wallets.