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XRP Wallets Hit Record as Small Holders Drive Ledger Growth: Santiment

Highlights:

  • XRP wallets under 100 coins reached a record 5.66 million addresses.
  • Mid-tier wallets have reached 2.01 million, while large holders totaled 32,054 addresses.
  • XRP could rally to $9 if it holds support around $1.05 on the weekly chart.

On-chain cryptocurrency analytics firm Santiment has reported fresh wallet data from the XRP Ledger. The figures show steady network growth across small, mid-sized, and large holders. Notably, the smallest tier now leads by a wide margin, reflecting the rising participation across the broader market.

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XRP Wallets Shift as Retail Addresses Reach New Highs

Under 100 XRP wallets reached 5.66 million addresses, the largest group on the network. Meanwhile, wallets holding 100 to 100,000 XRP climbed to 2.01 million. Together, those two bands show broad activity beyond major holders. As a result, user growth appears increasingly spread across retail and mid-tier participants.

Wallets with more than 100,000 XRP stand at 32,054 addresses. However, that count remains far below the smaller ownership groups. This gap indicates that smaller cohorts now define the network’s visible scale. Moreover, the split suggests adoption continues through everyday users, not only elite wallets. 

XRP Ledger Hits Major Milestones with Rising Activity

XRP Ledger achieved a major milestone, reaching nearly 3 million daily transactions. This marks a threefold increase in network activity compared to the previous year. According to Evernorth data, this rise in network activity signals growing real usage, despite market pressures.

Moreover, the XRP Ledger surpassed 7.7 million non-empty wallets for the first time in its 13-year history this week. This marked a consistent increase in user adoption, not a short-term spike as new wallets steadily drove this growth.

Meanwhile, active addresses on the network also rose, reaching 46,767 on March 16. This is the highest level in five weeks, indicating more users are actively engaging with the network.

XRP Price Trend Shows Strong Buy Signal

Crypto analyst Ali Martinez recently noted that XRP’s weekly chart is built around a rising support trendline. The trendline has held through several pullbacks since 2020. Each rebound began near that diagonal base, showing repeated buyer interest.

According to the analysis, XRP is trading at around $1.43, with rising support at $1.05. Should XRP respect this trendline again, the structure keeps a path open toward higher levels. However, a break below support would invalidate the setup. The analyst has projected a target near $9, pointing to a rally of about 530% from the current level.

As of this writing, XRP is exchanging hands at around $1.43, down by 0.77% over the last 24 hours. Despite this latest pullback, the altcoin is up by more than 3% on the weekly chart. XRP has been trading in a range between $1.2 and $1.6 over the past 30 days following the ongoing volatility in the broad market. Meanwhile, its market capitalization and trading volume have declined to $88 billion and $1.50 billion, respectively. 

XRP Wallets Hit Record as Small Holders Drive Ledger Growth: Santiment
XRP Price Chart: CoinMarketCap

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