Record 7.7M Holders Push XRP Toward $1.60

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XRP’s road to recovery will pick up momentum if network usage continues rising and bulls push the price above the $1.60 resistance.

XRP traded at $1.50 on Tuesday, a 3% rise in the past 24 hours as its relief rally stalled at $1.60. Still, growing network usage and increasing holder accumulation could provide a spark that may see the price finally break $1.50-$1.60 resistance.

XRP holder addresses hit 7.7 million record highs, as daily active addresses reach five-week highs.

Analysts say XRP bulls must reclaim $1.60 as support.

XRP Ledger non-empty wallets hit new highs
Santiment reported that the number of daily active addresses on XRP Ledger (XRPL) rose to a five-week high of 46,767, as the increase in the network activity coincided with a price move that saw the price climb to a four-week high of $1.60. 

The number of non-empty addresses on XRPL has reached 7.7 million for the first time.

“XRP Ledger now has more than 7.7M holders (non-empty wallets) for the first time in its 13+ year history,” Santiment said in an X post on Tuesday.

The onchain data provider said this shows that the network’s “usage continues to grow,” even during periods of market downturns, suggesting investors were capitalizing on dips to buy XRP at a discount.

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