Just checked the on-chain data and noticed something interesting - XRP retail wallets just hit 1.1 million addresses holding between 1k and 100k tokens. That's a new all-time high, which is pretty wild considering the price has been beaten down hard.

So here's the thing: the price dropped about 52% since October 2025, sitting around $1.42 now, but retail keeps buying. Since October, these mid-tier wallets added 77,500 new addresses and accumulated over 520 million XRP total. The breakdown is roughly 806k wallets with 1k-10k coins and 299k with 10k-100k coins. When you combine their holdings, it's 10.56 billion XRP - also a record.

What caught my eye is that this retail buying pressure happened even as the price kept sliding. Back in early February there was a spike to 1.095M addresses, then it dipped, but it's been climbing since. The latest milestone suggests retail sees value at these levels despite the price struggles.

Whales though? Different story. The bigger fish (100k-10M XRP) actually dumped about 3 billion tokens since October. But the mega-whales (10M-100M) flipped the script and accumulated 3.4 billion instead. So you've got mixed signals up the chain while retail is just stacking consistently.

Not saying this guarantees a price recovery, but the retail conviction at these levels is worth noting. When you see wallet counts hitting highest price territory records while price is down, it usually means someone's betting on a turnaround.