- XRP price correction is 6% short from challenging the multi-months support of $1.78, signaling a pivot moment for the asset’s short term trajectory.
- Open interest tied to XRP futures contracts shows a slight uptick to $3.46 billion, indicating a renewed speculative interest among traders.
- Wallets holding at least 1 million XRP grew by 42 addresses in the early weeks of 2025, according to Santiment.
XRP, the native cryptocurrency of the XRP Ledger, shows low volatility trading during Wednesday’s U.S. market hours, with its price wavering close to $1.91 mark. The daily chart displays a neutral candle formation as investors sentiment remained neutral as the Federal Reserve announced unchanged interest rates. Despite market uncertainty, the number of XRP millionaires are rising, projecting an encouraging sign for the long-term trend.
Whale Accumulation Returns to XRP Ledger
By the press time, the XRP price trades at $1.9, projecting an insignificant loss of 0.19%. The lack of buying pressure today can be attributed to investors staying on the sidelines ahead of the Fed’s result. The FOMC held the federal funds rate steady at 3.5-3.75% on January 28th, with Chair Powell describing it as a “neutral range” likely to persist.
However, the open interest linked to XRP futures contracts witnessed a renewed uptick amid market uncertainty. According to Coinglass data, the OI data bounced from $3.26 billion to $3.46 billion in the last 48-hours.
This uptick reflects a renewed spark in derivative traders as they position themselves for a potential move ahead. While the direction of trend is not confirmed a sustained increase in this metric could add speculative force in price.
Moreover, the addresses on the XRP Ledger with 1 million or more tokens have experienced a net gain of 42 since January 1st, 2026, according to on-chain tracking from Santiment. This is the first period of growth in this segment after a long period of decline since September 2025.
From early October until late December 2025, the tally declined by 784 bringing the number from a peak of near 2,785 to about 2,000. The new additions have pushed the number beyond the 2,016 mark again, suggesting that there is some renewed interest from holders on this scale as network operations continue steadily.
The shift stands in contrast to the contraction in the number of large holders in the previous year’s last quarter, when outflows were more pronounced. Current patterns indicate a period of stabilization or gradual re-entering on the ledger.
XRP Price Heading Low For Critical Support Retest
Over the past three weeks, the XRP price has witnessed a V-top reversal from the $2.4 resistance to the current trading price of $1.9, which accounted for a 21% loss.
This pullback sparked a fresh bear cycle within a falling channel pattern of the daily time frame chart. Since July 2025, the coin price has actively resonated within the pattern’s two parallel trendlines, acting as dynamic resistance and support.
Under the pattern influence, the XRP price is poised to challenge the multi-month support of $1.78 in the coming weeks. The momentum indicator ADX at 25% shows sufficient momentum in sellers to drive prolonged correction. A potential breakdown below this floor will accelerate the market selling pressure and push XRP another 12% down to retest key support levels at $1.57.
On the contrary, if the buyers manage to hold the $1.78 support in the coming weeks, the price could continue a short consolidation below the aforementioned support and the pattern’s resistance line.
Source: https://www.cryptonewsz.com/xrp-millionaire-first-time-will-price-follow/
