According to Woofun AI, the Ripple (XRP) market is showing a significant divergence between prices and positions. Despite the recent sharp drop in asset prices, the number of wallets of large holders has bucked the trend. Blockchain analyst firm Santiment pointed out that this behavior of large investors continuing to increase their holdings during the price drop is interpreted by the market as a typical institutional fund-raising signal, and the current price around $1.05 and the more critical psychological threshold of $1 have become the core variables that determine short-term trends. Writer Kevin Helms emphasized in the latest report that this divergence reveals the complexity of capital flows within the market and suggests that some powerful traders are using market panic to open positions rather than following the trend.
This seemingly contradictory market behavior not only reflects a fierce game between long and short at key points, but also lays the groundwork for a subsequent price rebound or further breakdown, leaving the current market in a highly sensitive state of technical balance. It is worth noting that this divergence is not an isolated event, but is closely related to broader macro-market sentiment and on-chain data changes. In-depth analysis is required in combination with multi-dimensional indicators to accurately determine the true intention and potential impact behind it.
From a structural point of view, this reverse movement between price and position volume often indicates that market trends may change, or that the main capital is quietly completing chip collection to save energy for the next stage of market fluctuations. Therefore, keeping a close eye on the changing trend in the number of large wallets and their correlation with price fluctuations is essential to understanding the internal logic of the current Ripple market, and it is also one of the core factors investors need to focus on when formulating trading strategies.
The macro data overview reveals a stark contrast between Ripple's sharp fluctuations over the past seven weeks and the steady growth of large holders' holdings. As of 11:45 p.m. EST on November 11, 2026, Ripple's price has accumulated a seven-week decline of about 30%, approaching the key support level of $1.05.
However, in stark contrast to the downward trend in prices, the number of Ripple wallets holding at least 10,000 tokens did not drop but increased when viewed from a longer nine-month cycle. According to data compiled by Woofun AI, the number of such high-value wallets is currently about 343,500, an increase of 16,815 compared to nine months ago, an increase of 5.15%.
This data shows that even in the context of sluggish overall market sentiment and falling prices, a large number of capital chose to buck the trend or increase their holdings. Santiment sees this phenomenon as a strong sign of fund-raising, believing that those large holders are taking advantage of market fears to open positions rather than sell Ripple.
This divergence suggests that some traders with strong financial resources are optimistic about Ripple's long-term value, or think that the current price provides a good buying opportunity. If the growth in the number of wallets reverses and the price falls below the critical psychological threshold of $1, it may trigger a short-term sell-off, leading to a further decline in prices. Therefore, $1 is not only an important technical support level, but also a watershed in market sentiment. Its gains and losses will directly affect the direction of Ripple's subsequent trend. Looking at it over a longer period of time, this steady increase in large holders' holdings may indicate that the bottom of the market is gradually being consolidated, laying the foundation for future price rebounds.
However, this also requires wary of the risk that the main capital may distribute chips at a high level. Investors need to pay close attention to minor changes in on-chain data and adjust their investment strategies in a timely manner.
In-depth data disaggregation further revealed the trend of million-class giant whales and the complexity of market analysis. On November 3, Santiment counted 2,147 wallets holding at least 1 million Ripple, which was the highest value in this category for the year. In the previous 10 days, this group added 28 addresses, indicating that very large holders are also actively restructuring their positions.
However, the limitations of statistical standards and time periods must be taken into account when interpreting these data. Santiment's method of analyzing the distribution of holders is to classify addresses based on token balances and count their number and total holdings separately. Once the number of Ripples held in the account exceeds 10,000, it will be included in the relevant statistics; if it falls below this value, it will not be included. Thus, the rise in such data represents growth in this category, but the buying behavior itself requires additional evidence.
Also, the concept of ownership differs from the number of addresses recorded on Ledger. Exchanges and other service providers can use the same Ripple Ledger address to identify customers through a numeric code attached to payment information. As a result, an eligible address may represent the assets of multiple people, causing data interpretation to be biased. Changes in hosting methods will also affect how balances are displayed.
If cryptocurrency assets are converted to a self-custodial model, these assets will be stored in wallets controlled by the holders themselves. Such transfers will not constitute a new purchase, but they will change the balance distribution and increase the number of large wallets. Therefore, when analyzing giant whale trends, it is necessary to comprehensively consider various factors to avoid misinformation caused by a single data indicator.
The more critical variable is whether the increase in these large positions actually represents new purchases, or is it simply a redistribution of existing positions. Only through multi-dimensional data cross-verification can we more accurately grasp the true flow of market capital, thus providing a more reliable basis for investment decisions.
In terms of price technical analysis and market forecasting, key points, historical declines, and long and short games form the main characteristics of the current market. At 5:17 p.m. EST on November 11, Ripple traded at $1.06, above the $1 key price level set by Santiment, while its price had been fluctuating between $1.05 and $1.08 for the previous 24 hours. Compared to $1.31 a week ago, the token's price fell 18.61%; compared to $1.37 a month ago, the decline was 22.35%; compared to $2.41 a year ago, it fell 55.93%.
Regarding the market outlook on November 11, Santiment believes that if the price of Ripple remains around $1, and the number of wallets holding at least 10,000 tokens continues to grow, while the price of Bitcoin remains stable, then the price of Ripple is expected to rise back to the $1.10 to $1.15 range. The agency anticipates that if the price falls below $1 and the growth in the number of wallets reverses, it is likely to trigger a short-term sell-off.
Furthermore, it also predicts that such price declines may trigger panic among retail investors, which in turn will prompt a rapid rebound in prices. At the beginning of November, new addresses were created at an accelerated pace. On November 1, Santiment reported that 7,934 Ripple wallets were added that day, which is the sixth highest number of new addresses added per day that year. The statistics here are the number of newly created addresses, which is different from the indicator of the number of wallets holding above a specific threshold. Trading positions give different signals. Santiment revealed on November 6 that among the most profitable Ripple wallets it tracks, the three active bears have collectively increased their short positions by about 2.1 million XRP since the end of October.
This trading strategy reflects their expectations of falling prices; the balance in a spot wallet refers to the amount of Ripple stored directly in the wallet. Meanwhile, the price of Bitcoin is $73,704 (+0.05%) and the price of Ethereum is $2,052 (-0.40%). The relative stability of mainstream assets provides a certain reference benchmark for Ripple's trend, but it also highlights the importance of Ripple's own fundamentals.
In terms of ecosystem dynamics, the Ripple Ledger Foundation recently announced that it will provide up to $4 million to produce educational content about the XRPL network and its future upgrade plans. Its “Education Month” campaign aims to enhance the community's understanding and participation in the Ripple ecosystem and enhance user confidence by popularizing relevant knowledge.
This move not only helped expand Ripple's influence, but also laid a solid foundation for long-term development. Writer Kevin Helms is a cryptocurrency industry journalist focusing on Bitcoin, blockchain regulation, and the global digital asset market. His in-depth analysis provided readers with valuable market insights. In the current market environment, the combination of investment in education and price fluctuations reflects Ripple's diversified strategy in dealing with market challenges. By strengthening community education and user guidance, Ripple is expected to maintain an advantage in fierce market competition and create favorable conditions for future technological innovation and application implementation.
This comprehensive layout, from the underlying technology to the upper application, reflects the Ripple team's commitment to long-term value and keen grasp of market trends. As the global digital asset market continues to evolve, Ripple is expected to usher in new development opportunities in the new market cycle with its unique technical advantages and ecological construction. While paying attention to price fluctuations, investors should also pay attention to the long-term value brought by ecological construction, so as to make more rational and comprehensive investment decisions.