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