While many investors are facing losses, large holders of XRP appear to be taking a different approach. Data from Santiment shows that wallets holding 1 million to 10 million XRP and 10 million to 100 million XRP have been steadily increasing their holdings during March.

The first group added roughly 30 million XRP, valued at about $40 million, while the larger cohort accumulated around 180 million XRP, worth approximately $243 million. This accumulation comes even as XRP trades around $1.35, reflecting only modest short-term gains. The divergence between retail losses and whale accumulation suggests some major players may view current prices as an opportunity to build positions ahead of potential future market moves.