Record-Breaking 7.7M XRP Wallets Recorded: Can Bulls Push Past $1.60?
A breakthrough above the critical $1.60 level combined with sustained network growth could accelerate XRP's recovery trajectory.
On Tuesday, XRP (XRP) was changing hands at $1.50, marking a 3% increase over the previous 24-hour period, though its recovery attempt paused at the $1.60 mark. Nevertheless, expanding network activity and heightened accumulation by holders could serve as catalysts that might enable the asset to overcome the $1.50-$1.60 resistance zone.
Key takeaways:
- The number of XRP holder addresses has reached an all-time high of 7.7 million, while daily active addresses have climbed to their highest level in five weeks.
- Market analysts indicate that bulls need to establish $1.60 as a new support level for XRP.
XRPL wallet addresses reach unprecedented levels
According to a report from Santiment, daily active addresses on the XRP Ledger (XRPL) surged to 46,767, representing a five-week peak, with this uptick in network engagement corresponding with a price surge that pushed the token to a four-week high of $1.60.
The total count of non-empty wallet addresses on XRPL has achieved a milestone of 7.7 million, marking a historic first.
"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.
According to the onchain analytics platform, this demonstrates that the network's "usage continues to grow," even when markets experience downward pressure, indicating that investors have been taking advantage of price dips to acquire XRP at lower valuations.
These findings are consistent with intensive accumulation patterns observed among long-term holders who have been expanding their positions since the outbreak of hostilities between the US and Israel-Iran conflict.
Data reveals a dramatic surge in XRP holder net position change recorded on March 1, surpassing 351 million XRP, representing the most significant single-day accumulation observed since Feb. 1.
The XRP holder net position change metric monitors the 30-day supply fluctuation among investors holding for the long term, where positive values signal net buying activity.
At the same time, major XRP whales—entities controlling substantial token quantities—have ramped up their purchasing activity since early March.
Analysis of the data below reveals that XRP's Whale Flow 30-day moving average (30DMA) shifted into positive territory during March for the first time since November 2025, bringing an end to four consecutive months of sustained distribution.
This trend could provide additional upward momentum for XRP's valuation in the weeks ahead, especially when combined with declining exchange balances, which have contracted to levels not witnessed since May 2021.
Converting $1.60 into support crucial for XRP's next move
Information from TradingView indicates that XRP is making efforts to break through the $1.50-$1.60 resistance zone that has constrained price action for more than six weeks.
XRP price "needs to move above the $1.51 resistance," analyst CryptoWZRD_ said in a recent X post, adding:
"Holding above that level would offer a quick rally towards the $2.0 resistance."
The most recent instance when the XRP/USD trading pair successfully reclaimed this price level occurred in December 2024. Following that breakthrough, it surged 90% in under a week. During April 2025, the same level functioned as a springboard for a 64% price appreciation in XRP, as illustrated in the chart below.
Analyst CW8900 said the area between $1.50-$1.52 was a big "sell wall" for XRP, adding:
"If it breaks through this sell wall, there is no other resistance until $1.95."
This price point corresponds with the projected target derived from a rounded bottom formation and the 200-day simple moving average (SMA).
Prior to achieving this objective, bullish traders must drive the price beyond the pattern's resistance trend line positioned at $1.60, which would confirm the breakout's legitimacy.
As Cointelegraph reported, a decisive break above the upper trend line of a falling wedge at $1.60 would shift the bulls' focus to the measured target at $2.55 next, potentially ending the downtrend.