XRP Wallets Hit 8.24 Million as Network Growth Accelerates

XRP is flashing an important on-chain signal: the XRP Ledger continues to attract new wallets even as the token’s price struggles to regain its September highs.

The network has reached a record 8.24 million non-empty wallets, according to the latest figures. Santiment data also shows that the ledger added 4,772 wallets in a single day, marking its fifth-largest daily increase since March.

XRP Wallets Hit 8.24 Million as Network Growth Accelerates — *Image Via Santiment.*

The growth comes as XRP trades around $1.31, down approximately 0.9% over the past week and well below its September high near $1.65.

XRP Wallet Growth Offers a Positive Signal

An expanding wallet count can indicate growing interest in a blockchain, although it does not necessarily represent an equal increase in unique users or active investors.

In an earlier analysis, TechGaged examined how XRP ownership patterns are changing, highlighting the growing number of smaller wallets.

This broader participation could support the network over time, but its effect on XRP’s price will also depend on liquidity, demand and wider market conditions.

Other activity indicators are worth monitoring, too. TechGaged has reported on renewed whale activity on the XRP Ledger.

Large transactions can signal increased market activity, but they do not reveal on their own whether major holders are accumulating or selling.

Key XRP Support and Resistance Levels

As of writing, XRP is trading near $1.31, with $1.27 serving as an important nearby support level. On the upside, resistance sits at $1.35, $1.41, $1.46, $1.53 and $1.58. The September high near $1.65 remains a major level to reclaim.

A sustained move above $1.40, accompanied by continued daily wallet growth near 4,000, could strengthen the case for a recovery toward $1.50.

A breakout above $1.65 would be a more significant development, potentially opening the way toward $2.40 if buying pressure remains strong. However, these targets are conditional, not guaranteed outcomes.

On the other hand, a drop below $1.30, especially if wallet growth slows, could weaken the near-term outlook and leave XRP vulnerable to a retest of $1.27.

Network utility is another factor to watch. Recent XRP Ledger real-world asset transfer data highlights expanding activity in tokenized assets, although transfer volume does not automatically translate into direct demand for XRP.

Can Network Growth Support a Price Recovery?

The record wallet count gives XRP a constructive on-chain signal while its price remains under pressure. Still, wallet growth alone cannot confirm a bullish reversal.

Traders will need to watch whether XRP can hold above $1.30 and reclaim $1.40, while monitoring whether new wallet creation remains elevated.

If price momentum and network growth strengthen together, the recovery case could improve. If price continues to weaken despite rising wallet numbers, the divergence may persist.

Disclaimer:
This article is for informational purposes only and does not constitute financial, investment, or trading advice. The views expressed are based on publicly available data, market observations, and the author’s interpretation at the time of writing. Cryptocurrency markets are highly volatile and unpredictable, and past performance or current technical setups do not guarantee future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. TechGaged does not accept liability for any losses incurred based on the information presented.

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