XRP whales just hit a record high, is $1.50 the next breakout?

XRP Ledger wallets holding at least 10,000 XRP have reached a record 332,230, according to Santiment data shared on X. 

The analytics firm said the number has grown steadily since June 2024, even during periods of weak price action and market stress.

Santiment said larger holders kept adding XRP despite volatility. It also noted that the sharp drop of more than 4,500 such wallets between Feb. 6 and Feb. 8 had no confirmed XRP-specific cause. The firm said “there does not appear to be one confirmed XRP-specific event directly tied to it.”

XRP price stays near resistance

Ripple’s native token (XRP) traded at $1.45 on May 13, down 0.28% over 24 hours, according to crypto.news price data. The token traded between $1.42 and $1.47 during the same period, with daily volume above $2.11 billion.

The wider trend remains mixed. XRP gained 2.29% over seven days and 9.83% over the past month, but it still trades well below its July 2025 all-time high of $3.65. Crypto.news data shows the token is down about 60% from that peak.

ETF inflows add fresh market context

U.S. spot XRP ETFs recorded $25.8 million in daily net inflows on May 11, their strongest day since Jan. 5, according to SoSoValue data cited by crypto.news. Franklin Templeton’s XRPZ led with $13.6 million, followed by Bitwise’s XRP ETF with $7.6 million and Grayscale’s GXRP with $4.6 million.

Interestingly, inflows continued on May 12, with $5.31 million in daily net inflows. It also shows cumulative net inflows at $1.36 billion and total net assets at $1.16 billion. That suggests ETF demand did not stop after Monday’s stronger inflow day.

Analysts watch the $1.50 area

EGRAG Crypto points possible upside targets at $7, $13 and $27. The analyst framed the main issue as timing, asking “Has XRP already completed the macro bottom?”

The chart shows XRP holding above a long-term rising trendline while moving near short-term resistance. Crypto.news recently reported that XRP had rallied toward $1.50 after forming an inverse head-and-shoulders pattern. Analysts are watching the $1.50 level as a key breakout point for buyers.