Market Pulse: XRP Wallets Hit Record 8.24 Million as Network Growth Accelerates

Latest reporting indicates that xRP Ledger’s wallet count has reached 8.24 million, extending its climb through months of valuation volatility.

Santiment paired the milestone with conditions that could support a recovery, including sustained growth in new addresses.

XRP’s base of funded addresses reached a record despite months of price swings, blockchain analytics platform Santiment reported on Oct.

Its record XRP wallet count stood at 8.24 million nonempty addresses on the XRP Ledger.

Daily growth also climbed to 4,772 new wallets, which the firm ranked as the fifth-largest one-day spike since March.

Santiment stated: “Holder growth is still moving higher with $XRP trading near $1.36.” As of writing, XRP is trading at $1.27.

A sustained move above $1.40, accompanied by growth near or above 4,000 wallets daily, would make a quick return to $1.50 more than plausible, the analysis suggested.

A decline below $1.30 alongside fewer than roughly 3,000 new wallets daily would weaken its short-term adoption assessment.