XRP Ledger Wallets Hit 7.7M Record as XRP Breaks $1.60
Crypto analyst “Xaif Crypto” says activity on the XRP Ledger has surged. On-chain data shows the number of non-empty XRP Ledger wallets has topped 7.7 million for the first time since the network launched 13+ years ago, reaching an all-time high for XRP holders. Daily active XRP wallets rose to 46,767 on March 16, the highest level since Feb 12.
The post links these metrics to price: XRP gained about 14% over 48 hours and traded above $1.60. Using Santiment analytics, the analyst frames the combination of record XRP Ledger wallets, higher active addresses, and rising price as renewed ecosystem participation.
Community discussion adds context via ETF-related trading volume, suggesting retail and possibly institutional flows are supporting the current momentum. Traders may watch whether XRP Ledger engagement continues climbing, as this often supports steadier demand rather than a one-off spike.
Note: This is market commentary, not financial advice.
Bullish
The news is bullish for XRP because it pairs price strength with measurable on-chain participation. A new record in non-empty XRP Ledger wallets (over 7.7M) plus a five-week high in daily active wallets (46,767) suggests holders are adding positions while users are actively transacting. That alignment typically supports liquidity and steadier buy interest, not just a short-lived pump.
Short term, traders may see momentum traders and ETF-related volume as reinforcing factors as XRP holds above the $1.60 area. Long term, sustained growth in XRP Ledger engagement would be a constructive adoption signal and can help stabilize sentiment if volatility cools after the activity spike. If active addresses or wallet growth fail to keep rising, the move could revert to consolidation—so monitoring the continuation of XRP Ledger activity is key.