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Large XRP wallets grow 5% amid 30% price drop, signaling accumulation near $1 support level.

Technical Signals
12 Nov 2026, 05:45 WIB
Bitcoin
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Bullish
Large XRP wallets grow 5% amid 30% price drop, signaling accumulation near $1 support level.

Despite a roughly 30% decline in XRP's price over seven weeks, the number of wallets holding at least 10,000 XRP tokens increased by 5.15% to about 343,500, indicating accumulation by larger holders. Blockchain analytics firm Santiment views this divergence as a sign that some investors are buying during the selloff, with $1 identified as a critical support level. A drop below $1 combined with a reversal in wallet growth could trigger a short-term sell-off, but retail fear might lead to a quick rebound. The growth in large wallets and new address creation suggests ongoing interest despite recent price weakness.

While XRP has slid about 30% toward $1.05, on Pluang it trades at Rp18.989 with a 1-day decline of 1.07% as of Nov 12, 2026 10:51 WIB. Despite this drop, XRP's market cap remains strong at Rp1.209,54 trillion, and the platform shows a dominant buy interest with 97% of order activity favoring purchases. This contrasts with the typical hold time of 73 days, suggesting ongoing confidence among investors even as prices fall.

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