XRP Wallets Reach 8.19 Million Even as Price Sits 63% Below 2025 High

XRP is seeing network growth diverge sharply from price performance. On-chain figures cited by community member Eri show XRP Ledger wallets rising to 8.19 million as of April 5, 2026, extending a steady uptrend in addresses even after a prolonged cooldown in the token's price. XRP last peaked at $3.65 in July 2025 and has struggled to reclaim that level. The token recently traded around $1.33, down 63.56% from the high, while posting a 2.92% gain over the past 24 hours. The split points to expanding participation on XRPL even as price momentum remains muted. Key takeaways - Wallets hit 8.19 million while XRP remains about 63% below its $3.65 July 2025 peak - On-chain adoption indicators continue to rise despite weak price action - Wallet growth has accelerated over recent weeks, signaling ongoing onboarding and XRPL activity - Holdings skew heavily toward retail; sentiment and positioning, rather than adoption, are still steering price Network activity lifts as wallet counts climb On March 17, an analytics firm reported that the XRP Ledger exceeded 7.7 million nonempty wallets for the first time in its 13+ year history. The milestone came with a pickup in usage, as active addresses rose to a five-week high of 46,767. Over the same window, XRP briefly broke out, rallying 14% in 48 hours to push above $1.60 before easing back. Wallet totals vary across data providers. Santiment places nonempty wallets near 7.7 million, while CryptoQuant estimates roughly 8.1 million. The gap likely reflects methodological differences, such as tracking only nonempty or active wallets versus counting all accounts ever created. Wallet distribution underscores retail dominance Data shared on March 21 suggests most XRP holders sit in smaller balance tiers: - 5.66 million wallets hold fewer than 100 XRP - 2.01 million wallets hold between 100 and 100,000 XRP - 32,054 wallets hold more than 100,000 XRP The breakdown points to a broad retail base, alongside a relatively small cohort of large holders controlling sizable portions of supply. The continued rise in wallets amid a deep drawdown may signal sustained interest in XRP's longer-term utility, with new user onboarding and ecosystem experimentation supporting network fundamentals beneath the surface. Community debate: adoption vs. price Reacting to the figures, X user @mortoom argued that crypto rarely trades on fundamentals and said XRP, despite one of the largest and fastest-growing communities, still trades like any other "shitcoin." He asked Eri who ultimately controls price if adoption keeps rising without driving a sustained rally. Eri replied that price is driven by market conviction. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.