XRP Ledger Reaches 7.7M Holders as Activity Jumps

TLDR

• XRP Ledger reached 7.7 million non-empty wallets for the first time in its 13-year history.
• Daily active addresses on the network climbed to 46,767, the highest level in five weeks.
• XRP price gained nearly 10% in 48 hours and moved above the $1.60 level.
• Exchange reserves increased to 2.85 billion XRP, signaling tokens moving back to trading platforms.
• On-chain data showed growing user participation as wallet activity and holder count continued to rise.

XRP Ledger (XRPL) reached 7.7 million non-empty wallets for the first time in its 13-year history. Network data also showed daily active addresses climbed to a five-week high. At the same time, XRP price rose nearly 10% in 48 hours and moved above $1.60.

XRP Ledger Records New Holder Milestone

Santiment reported that non-empty wallets on XRP Ledger climbed to 7.7 million on March 16. This figure marks the highest total since the network launched over 13 years ago. The data shows steady wallet growth even during past market declines. As prices fluctuated, users continued to open and fund new addresses.

Santiment stated that active addresses reached 46,767 on the same day. This level marks the highest daily activity since February 12. Earlier in February, XRP fell to $1.11 before buyers returned. As prices recovered, daily participation increased and pushed activity to a multi-week high.

Exchange Reserves and Price Movement

CryptoQuant data showed that exchange reserves earlier dropped to 2.75 billion XRP. During that period, XRP price surged from about $0.60 to above $3.00. However, reserves increased again to around 2.85 billion XRP by March 16. This shift indicates that more tokens moved back onto exchanges.

Santiment linked renewed network traction with recent price gains. The platform said XRP surged 14% within 48 hours before easing slightly. The token reclaimed the $1.60 level before sliding to around $1.53. At the time of reporting, XRP traded at $1.53 and posted a 3.24% daily gain.

XRP also recovered from its February 6 low of $1.11. At $1.60, the token marked a 45% increase from that level. The rebound coincided with rising wallet counts and higher address activity. Data showed user participation strengthened as price momentum returned.

Market data confirmed that XRP regained fourth place by market capitalization. The token moved ahead of BNB following its recent price rise. Santiment stated that increasing active wallets reflected higher transaction levels. The firm added that growing holders suggest continued engagement with the network.

Earlier reserve declines coincided with strong upward price movement. In contrast, the recent reserve increase may signal short-term selling activity. The next movement will depend on whether reserves fall or continue rising. As of March 16, on-chain metrics reflected higher participation across the XRP Ledger.

Santiment said, “The network now holds more than 7.7 million non-empty wallets.” The firm also confirmed that daily active addresses reached a five-week peak. These data points mark the latest recorded metrics for XRP Ledger.

The post XRP Ledger Reaches 7.7M Holders as Activity Jumps appeared first on CoinCentral.