- XRP wallets holding at least 10,000 tokens increased by 16,815 over nine months, reaching approximately 343,500.
- Binance XRP perpetual futures funding rates reached a one-year high, with the 30-day funding sum recovering to 0.18%.
- Spot XRP ETFs recorded $10.4 million in outflows, contrasting with rising large-holder accumulation and bullish derivatives positioning.
XRP large-holder activity continues to increase as the cryptocurrency trades near $1.05, despite a 30% price decline. Santiment Intelligence reported that wallets holding at least 10,000 XRP increased by 16,815 over nine months. Meanwhile, analyst Darkfost identified record-high Binance funding rates alongside $10.4 million in spot ETF outflows.
XRP Shark Wallets Increase During Market Decline
Santiment reported approximately 343,500 XRP wallets holding at least 10,000 tokens in November. This represents a 5.15% increase over nine months, adding 16,815 qualifying wallets. Notably, the increase comes as XRP loses approximately 30% over seven weeks.
Santiment identified growing shark and whale numbers despite declining prices. The analytics firm also highlighted $1 as the price level XRP needs to defend. If wallet growth continues and Bitcoin stabilizes, XRP could recover toward $1.10 to $1.15.
However, Santiment warned that losing $1 alongside declining large-wallet growth could trigger further short-term selling. The firm also discussed the possibility of a subsequent bounce following increased retail fear.
Binance Funding Rates Reach One-Year High
Meanwhile, Darkfost reported that XRP perpetual futures funding rates on Binance reached their highest level in over a year. The previous comparable reading occurred in October 2025, following XRP’s record high of $3.55. The rolling 30-day funding sum has recovered to positive 0.18%.
Darkfost noted that extreme funding readings can reveal crowded market positioning. During the summer, XRP rebounded 53% after falling to $0.70. However, bullish derivatives positioning now contrasts with the cryptocurrency’s ongoing correction.
XRP ETF Outflows Contrast With Whale Accumulation
Spot XRP ETFs recorded net outflows equivalent to 9.37 million tokens. According to Darkfost, withdrawals reached $10.4 million during one of the year’s weakest sessions. These withdrawals contrast with rising large-holder numbers and bullish Binance funding rates.
Darkfost also highlighted how previous funding extremes coincided with market tops and bottoms. The analyst identified funding rates and ETF flows as important measures when assessing XRP market positioning.
