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XRP Wallet Growth Hits Record While Price Takes a Dip—What's Really Going On?

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Here’s something interesting: XRP just tanked from $2.10 to $1.60 this week, but network adoption keeps climbing. According to Glassnode data, the number of wallets holding 1+ XRP hit an all-time high of 6.25M as of April 7, 2025.

Yep, you read that right. Price dumping, adoption mooning. Classic divergence.

The Numbers Tell a Different Story

Let’s break down what’s actually happening on-chain:

  • Active wallets with any XRP balance: 6.366M (up from 5.839M at year start)
  • New wallets added this year: 527K+
  • YoY growth: 1.466M new addresses since January 2024 (when the total was 4.9M)

That’s roughly 30% YoY growth in unique addresses. Not bad for a coin everyone said was dying.

Who’s Actually Holding XRP?

Here’s where it gets spicy. The whale-to-retail ratio is heavily skewed toward small holders:

  • 81% of all wallets hold ≤500 XRP (5.125M addresses)
  • 2.639M wallets hold 0-20 XRP (retail retail)
  • 2.518M wallets hold 20-500 XRP (retail-ish)

Translation: XRP’s user base is dominated by small fish, not whales. That’s actually bullish for decentralization but means less whale manipulation.

What’s Driving This?

Three things seem to be in play:

  1. Future utility speculation - People betting on XRP’s actual use case
  2. ETF potential - The whole regulatory clarity narrative
  3. Ripple partnerships - Ongoing enterprise adoption talks

Last quarter 2024 into early 2025 showed that despite short-term price pain, long-term holders stayed committed. Now new participants are entering.

The Real Question

Price volatility ≠ adoption failure. The expanding wallet base suggests either retail accumulation or genuine network effect building. Short-term traders hate this. Long-term believers love it.

The next 6 months will show if this adoption trend can finally drive price action upward.

XRP-5.69%
ON-1.08%
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