In Brief: XRP Ledger holders reached a record 8.24 million wallets, reflecting sustained network expansion despite XRP trading near the $1.36 level. Santiment recorded 4,772 new XRP wallets i
In Brief:
- XRP Ledger holders reached a record 8.24 million wallets, reflecting sustained network expansion despite XRP trading near the $1.36 level.
- Santiment recorded 4,772 new XRP wallets in one day, marking the fifth-largest daily network growth spike recorded since March this year.
- XRP faces resistance at $1.40, with $1.50 emerging as another potential target, while declining wallet creation could weaken recovery prospects.
The XRP Ledger has reached 8.24 million non-empty wallets, establishing a record despite XRP’s prolonged struggle to regain higher prices. According to blockchain analytics platform Santiment, network growth also reached 4,772 new wallets in one day, marking increased participation.
This figure represents the fifth-largest daily wallet creation spike since March, highlighting stronger blockchain activity as XRP traded near $1.36 and wallet holdings reached record levels. Santiment’s chart shows that funded wallets have increased steadily since May, despite repeated price fluctuations across the cryptocurrency market.
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XRP Network Growth Strengthens as Santiment Identifies Key Price Levels
Santiment’s findings reveal that XRP Ledger participation accelerated as daily wallet creation climbed above levels recorded during recent trading sessions. The network registered 4,772 new wallets, placing the increase among its strongest daily performances over the past six months.
Significantly, this growth occurred while XRP traded around $1.3637, below resistance levels that previously limited its recovery attempts. The analytics platform identified $1.40 as the first important resistance level following the latest improvement in network activity.
A sustained move above this threshold could support a recovery toward $1.50, particularly if wallet creation remains elevated. Santiment indicated that daily additions near or above 4,000 wallets would strengthen the case for such a recovery.
Conversely, XRP could face additional pressure if its price falls below $1.30 while daily wallet creation drops beneath 3,000. These developments establish important price and network activity levels as XRP holders assess the cryptocurrency’s current market position.
XRP Ledger Holder Growth Maintains Upward Trend
The latest milestone extends a steady expansion in XRP Ledger wallets, with total funded addresses climbing throughout the reporting period. Despite fluctuations in XRP’s market valuation, wallet growth has maintained an upward trajectory across several months of trading activity.
Santiment’s figures highlight the contrast between rising blockchain participation and XRP’s inability to reclaim previous resistance levels. The record 8.24 million funded wallets and elevated daily creation figures mark another significant development for XRP Ledger network activity.
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