PANews reported on January 29 that, according to Cointelegraph, a Santiment report analyzed that despite the overall weak sentiment in the cryptocurrency market, the number of "whale" wallets holding more than 1 million XRP has been increasing since the beginning of 2026, which may indicate a good long-term outlook for the asset.

On-chain data shows that the number of such "millionaire" wallets has increased by 42 since January 1st, reversing the downward trend since September of last year. Meanwhile, the proportion of "smart money" traders increasing their XRP holdings in the past 30 days has risen by 11.55%. Analysts interpret this trend differently: some traders believe that strong net buying may push XRP to break through resistance and rise; while others point out that further gains in XRP may rely too heavily on macro narratives, and unexpected developments in the Clarity Act voting process could put short-term pressure on the price.