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XRP Ledger Growth Accelerates With 7.7M Wallets and Surge in Network Activity

Highlights:

  • XRP Ledger has surpassed 7.7 million wallets for the first time in more than 10 years.
  • The daily transactions have exceeded 3 million this year, from 1 million last year.
  • The XRP price has risen after consolidating during the recent market downturn.

The XRP Ledger has surpassed 7.7 million non-empty wallets for the first time in its history, according to Santiment data. This milestone comes after more than 13 years of network operation and signals a steady expansion in user adoption. The increase reflects consistent wallet creation rather than short-term spikes in activity.

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At the same time, the growth aligns with rising usage across key areas of the XRPL ecosystem. Tokenized real-world assets on the network have continued to expand, while decentralized finance pools have attracted more liquidity. Daily network usage has also increased as more users rely on XRPL for payments and settlement.

According to Santiment, the increase in holders over a long period has been associated with longer periods of price appreciation. Nevertheless, the general market is uncertain due to macro-related factors, such as the forthcoming Federal Reserve rates. In spite of these risks, the gradual increase in wallet addresses indicates ongoing accumulation and long-term participation.

Active Addresses and Daily Transactions Climb as XRP Ledger Activity Strengthens

Active addresses on the XRP Ledger reached 46,767 on March 16, marking the highest level in five weeks. This spike reflects a clear increase in daily user participation across the network. It also shows that more wallets are actively engaging rather than remaining inactive.

The rise in active addresses also aligns with the improving on-chain engagement trends. Increased activity at the wallet level often signals stronger network usage and growing interest. Santiment data suggests that such spikes in active addresses can act as early indicators of broader momentum shifts in the market.

Meanwhile, daily transactions have increased to over 3 million as compared to approximately 1 million transactions recorded a year ago. This change is a threefold rise in network activity since last year. According to recent data, the transaction volume has also grown by 30 percent, indicating continuous growth.

Evernorth, a major XRP treasury firm, highlighted this activity as a key signal of adoption. The firm holds XRP as part of its treasury strategy and generates yield through crypto lending. It also supports institutional participation within the ecosystem. According to Evernoth, the rising activity shows where adoption is accelerating as more financial assets move on-chain.

XRP Price Holds Gains After Breakout as Key Levels Come Into Focus

XRP has reacted to the XRPL Ledger news and is trading at $1.53, representing a 3.13% increase on the daily chart. The market cap stands at $93.73 billion. Meanwhile, the trading volume is up by 83.76% to $5.21 billion.

XRP Ledger Growth Accelerates with 7.7M Wallets and Surge in Network Activity
XRP Price Chart: CoinMarketCap

XRP has stabilized above the $1.53 key support level on the daily timeframe after the recent decline. The price dropped into the $1.21 area earlier, where strong demand entered the market. It then recovered from that level and formed a tight consolidation before moving higher.

Source: TradingView

The price is building strength as it approaches the next resistance. The $2.36 level stands as the first major barrier, where the price faced rejection in the past. Above that, the $2.60 zone forms a stronger supply area and a clear upside target. If the price breaks above $2.36, it could move quickly toward $2.60. However, rejection may push the price back to retest the $1.53 support level.

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