I just reviewed some interesting data about XRP. It turns out that retail wallets holding between 1,000 and 100,000 tokens reached 1.1 million, a record high. The curious thing is that this happened while the XRP price was dropping significantly over these months.

According to Santiment, from October of last year until now, more than 77,500 new wallets in this range have been added. In other words, despite the XRP price being under pressure, everyday people continue to buy. Today, the XRP price is around $1.41, so they are still accumulating at these levels.

What catches my attention the most is that these retail wallets have gathered over 500 million XRP since the decline started. That indicates quite a bit of retail confidence in the project, even when everything looks red. Some analysts see this as a sign of smart accumulation.

On the other hand, the large whales are doing strange things. Those holding between 100,000 and 10 million XRP reduced their holdings by 3 billion tokens, as if they were taking profits. But the bigger whales, holding between 10 and 100 million, kept accumulating. The XRP price will probably remain volatile as long as these movements continue. It’s interesting to see how small investors are going against the whales at this moment.