While XRP has faced significant sell pressure recently, the price decline hasn’t shaken confidence, as network growth continues unabated.
Record-Breaking Wallet Growth
On-chain data reveals that the number of XRP addresses holding at least 1 XRP has surged to an all-time high of 6,255,795—a milestone achieved despite XRP’s price drop from $2.10 to $1.60 earlier this week. This divergence underscores resilience in long-term adoption amid short-term volatility.
Key Insights:
- Steady Network Expansion: Analyst Ali Martinez highlights unwavering growth, with wallet counts rising consistently.
- Broad Holder Base: Active XRP wallets now total 6.366 million, up 527,000 this year alone—a 30% increase since January 2024.
👉 Why XRP’s user base could signal a price rebound
Small Holders Dominate
Over 81% of XRP wallets are held by small investors:
- 2.639M addresses: Hold 0–20 XRP
- 2.518M addresses: Hold 20–500 XRP
This distribution reflects grassroots adoption, suggesting decentralized ownership despite market fluctuations.
Future Potential
Growing wallet numbers hint at strengthening fundamentals, driven by:
- Speculation around XRP ETFs
- Progress in Ripple’s global partnerships
- Historical correlations between wallet growth and price rallies
👉 How Ripple’s deals impact XRP adoption
FAQ
Q: Does XRP’s price drop indicate weak adoption?
A: No—record wallet counts show sustained interest, often preceding price recoveries.
Q: What’s driving new XRP wallets?
A: Factors include utility speculation, Ripple’s institutional deals, and broader crypto market trends.
Q: Are most XRP holders large investors?
A: Over 80% hold under 500 XRP, signaling retail-driven participation.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct independent research before investing.