XRP and other top digital assets experienced a notable decline at the start of February because of tariff threats against Mexico and Canada from the Trump administration, but many XRP holders saw this as an opportunity. Market analyst Dom (@traderview2) has observed a notable increase in XRP wallets holding at least 1 million tokens following the price correction. The decline began on January 31, when XRP was valued at $3.13. By February 2, its price had dropped to $2.56, marking a 17.9% loss over the weekend. The most substantial single-day decline occurred on February 2, when the price fell by 10.34%, the sharpest intraday drop since early December 2024. Let's also look at wallets holding over 1M $XRP (currently 2.3M USD) Up only over the last year See that last spike? Feb 3rd, the day after the sell off… 53 new wallets holding over 1M $XRP added overnight pic.twitter.com/Ik0AE3YMOw — Dom (@traderview2) February 7, 2025 Surge in XRP Wallets Holding 1 Million Tokens On February 3, just one day after XRP’s most significant drop this year, Dom shared data confirming that 53 new wallets had been created, each holding at least 1 million XRP. Members of the XRP army recently reaffirmed their confidence in the asset despite the crash, and this increase in large holdings suggests that major investors capitalized on the price dip rather than exiting their positions. The analyst pointed out that this pattern aligns with an ongoing trend in the XRP market. Over the past year, the substantial XRP holdings have grown consistently, in contrast to the more fluctuating patterns in Bitcoin and Ethereum. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 XRP Wallet Growth Compared to Bitcoin and Ethereum Dom referenced CoinMetrics data supporting this trend of increasing XRP accumulation. The number of wallets holding at least 100 XRP has surged from under 1.6 million in March 2024 to over 1.74 million as of February 2025, reflecting an increase of more than 140,000. In contrast , Bitcoin wallets containing more than 0.001 BTC have declined during the same period. These addresses dropped from over 24.6 million in March 2024 to below 23.9 million by early 2025. Meanwhile, Ethereum wallets with at least 0.1 ETH have grown at a slower pace with irregular patterns, increasing from under 5.16 million to nearly 5.22 million. Order Book Data Indicates Strong Buy Pressure Beyond wallet growth, order book data provides further insight into market sentiment. Dom highlighted that on Coinbase, XRP recently showed a bid skew of more than 10 million tokens within a 10% price range, indicating a significant imbalance between buy and sell orders. This suggests that demand remains strong despite recent price fluctuations. Over the past two months, similar patterns have emerged five times, each leading to a minimum price rebound of 23% pushing the asset very close to $3. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post 53 New XRP Wallets Holding Over 1 Million XRP Added Overnight appeared first on Times Tabloid .
