XRP Ledger Stablecoin Supply Hits $568M While Retail Wallets Reach Record High

Highlights:

• XRP Ledger stablecoin supply has exceeded $568 million after doubling since December.
• Smaller XRP wallets have reached 5.66 million, showing continued growth in retail participation.
• XRP open interest has dropped sharply from $4.05 billion to around $2.32 billion in recent months.

Stablecoin supply on the XRP Ledger reached $568.9 million on 20 March, based on Artemis data. The supply stood at $284.8 million on 1 December, adding more than $280 million within that period. The increase represents a gain of over 100% across the timeframe. Weekly data shows steady additions to supply across most weeks, and Artemis data shows that there were brief slowdowns during January and February before growth resumed.

🚨DATA: XRP LEDGER STABLECOIN SUPPLY DOUBLES SINCE DECEMBER

Stablecoin supply on the $XRP Ledger has surged sharply. Data shows a rise of over 100% since December 2025, according to @artemis data.

Total supply stands near $568.9 million. Growth has been steady across recent… pic.twitter.com/oLbPo0o6Oa

— BSCN (@BSCNews) March 23, 2026

The global stablecoin market stands at $320 billion, and XRPL holds about 0.18% of that total supply. Ethereum holds approximately $170.8 billion in stablecoin value across its network. These figures place XRPL far below Ethereum in overall stablecoin share.

Supply changes across major stablecoins show diverging trends this year. USDC supply has increased by about $4.5 billion, which is the largest gain among tracked stablecoins. USDT supply has declined by nearly $2 billion over the same period. Exchange data shows total stablecoin reserves near $65.37 billion, a 0.72% drop within 24 hours. Meanwhile, the net outflows have exceeded $485 million.

XRP Ledger Stablecoin Supply Shows Strong Growth Across Smaller Wallet Segments

Wallet distribution data shows continued expansion across smaller XRP holders. Santiment data shows addresses holding less than 100 XRP reached 5.66 million on March 20. This is the highest recorded level for this group, and the count has increased steadily over recent months.

📈 XRP Ledger is continuing to see its network grow. Based on wallet size, here are the amount of addresses under each tier:

🦐🐟 Less Than 100 XRP: 5.66M Wallets
🐡🐬 100 to 100K XRP: 2.01M Wallets
🦈🐳 More Than 100K XRP: 32,054 Wallets pic.twitter.com/QN1AWIhYBJ

— Santiment (@santimentfeed) March 21, 2026

Additional data shows 2.01 million wallets hold between 100 and 100,000 XRP. Meanwhile, another 32,054 wallets hold more than 100,000 XRP. These figures provide a full breakdown of wallet distribution across the network. The number of lower-balance wallets exceeds the number of large holders by a wide margin.

XRP Open Interest Declines Even as On-Chain Activity Continues to Grow

XRP derivatives interest has fallen sharply since the end of last year. Coinglass data indicate that open interest declined to approximately $2.32 billion on 23 March, compared to $4.05 billion on 1 December. The decrease eliminates over $1.7 billion in open positions in that time. According to Coinglass data, Binance open interest sits at approximately $372.6 million, the lowest since 2024. Previous market data indicate open interest was over $1.7 billion as XRP was trading above $3 in stronger upside moves.

The broader market has also faced volatility this year. Market swings linked to geopolitical tensions in the Middle East have affected derivatives positioning across crypto markets. Exchange data shows declining reserves across centralized platforms alongside rising outflows into private wallets. Available XRP on exchanges has declined as balances moved off-platform.

Meanwhile, XRP is trading at $1.41, representing a 1.09% increase on the daily chart. The market cap stands at $86.82 billion. Meanwhile, the trading volume has increased by 59.46% to $2.59 billion.

XRP is holding above the $1.21 support zone, which continues to act as a strong demand base. The price is trading near $1.42 and is maintaining a tight consolidation range. Meanwhile, $1.54 is acting as immediate resistance and is capping upside attempts. If XRP breaks and holds above $1.54, it is signaling a move toward $2.36. Above that, $2.60 remains the next major resistance zone.

The projected move shows a possible 65% upside from the current range. The RSI is sitting near 50, which is signaling neutral momentum. Therefore, XRP is building strength while holding key support.