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XRP Ledger Sees Steady Growth in Non-Empty Wallets Amid Market Dip
XRP Ledger Wallet Growth Defies Recent Price Weakness – Despite a recent market downturn, on-chain data suggests growing interest in XRP, as the number of non-empty wallets on the XRP Ledger continues to climb steadily. This trend has emerged even as the token has struggled to maintain price momentum, raising questions about whether long-term holders are positioning ahead of a potential shift.
Non-Empty XRP Wallets Continue to Rise
According to recent data highlighted by Santiment, the XRP Ledger now hosts 7.41 million non-empty wallets, placing it fifth among large-cap cryptocurrencies by wallet count. Non-empty wallets are addresses holding more than zero XRP, often viewed as a proxy for active participation and accumulation on a network.
The growth is notable given XRP’s price performance. Over the past month, XRP has declined roughly 15%, and the token is trading nearly 50% below its July high of $3.66. Yet, wallet data tells a different story. When XRP reached that July peak, the ledger recorded 6.7 million non-empty wallets, meaning wallet count has risen 10.6% since then despite the price drop.
On a yearly basis, the increase is even more pronounced. One year ago, the XRP Ledger had 5.73 million holders, marking a 29.3% rise in non-empty wallets over the past twelve months.
How XRP Compares to Other Major Networks
While XRP ranks fifth, Ethereum leads the crypto market with 167.96 million non-empty wallets, supported by its strong institutional presence and decentralized finance ecosystem. Bitcoin follows with 57.62 million wallets.
Other notable assets include Tether (USDT) with 9.6 million wallets and Dogecoin with 8.13 million, placing them ahead of XRP. Below XRP sits Cardano, which has 4.54 million holders, alongside USDC at 4.39 million and Chainlink with 819,000 wallets.
Accumulation Trends Draw Market Attention
Historically, a sustained rise in non-empty wallets has often coincided with accumulation phases. While price action remains subdued, the steady growth in XRP holders suggests continued network engagement, leaving market participants watching closely for what may come next.
