Breaking down impact of 11.6% retail activity surge on XRP’s price

Small wallet addresses holding under 100 XRP have surged by 11.6% in just two months.
Technical analysis revealed a pattern similar to 2017’s breakout but at double the scale.

The cryptocurrency market is witnessing a significant shift in Ripple’s [XRP] ecosystem as institutional interest aligns with remarkable retail accumulation.

Recent developments, particularly NYSE’s filing of a 19b-4 form for the Grayscale XRP Trust’s potential ETF conversion, have catalyzed notable changes in holder distribution and price action.

XRP retail accumulation reaches historic levels

According to Santiment data, wallets holding under 100 XRP have increased by 11.6% in just two months, coinciding with an 85% price surge during the same period.

This growth represents the most sustained and rapid increase in small wallet addresses in XRP’s 14-year history, with the total number of holders reaching 6.07M.

Source: Santiment

The surge in retail participation comes at a crucial time as XRP was trading at $3.07, at press time, marking a significant recovery from its previous levels.

The current price action shows consolidation above the critical MA Cross levels of 2.6044 and 1.2510, suggesting strong underlying support from this new wave of retail investors.