XRP is now in more than 8 million wallets — a milestone that comes even as the token’s price is significantly lower than it was less than a year ago.
The market is still chasing its peak
XRP traded on Monday at $1.35, up about 4% on the day but still more than 60% below the high of $3.65 reached in July 2025. Despite this gap, activity on the XRP Ledger continues to grow.
It’s your wallet that counts According to the network’s data, it has exceeded 8 million, and this number is constantly growing regardless of the current price.
Most of these portfolios are held by retail holders with relatively tiny balances. A much smaller group controls most of the supply.
Trading volume told a completely different story. Data from CoinGlass estimates that total XRP activity in the spot and futures markets was $3.86 billion in one 24-hour window, with $3.25 billion coming from the futures markets and $605 million from spot trading.
Open interest was $2.50 billion, which means investors are not only getting in and out quickly, but also holding positions.
Binance led all open futures exchanges with $140 million. Upbit then reached $111 million, followed closely by Coinbase at $85 million.
This spread across global and US platforms indicates broad participation rather than activity concentrated in one region.
Despite the relaxation $XRP price that started in July 2025 (shown in black), portfolios continue to grow (shown in blue).
8.1 million #XRP General ledger portfolios as of April 4, 2026 Source: CryptoQuant pic.twitter.com/vSpOd94jg7
—
Eri ~ Carpe Diem (@sentosumosaba) April 5, 2026
The volume is beyond limits
XRP’s market capitalization during the same period was $82 billion. The numbers came on a day when broader cryptocurrency markets also moved.
Bitcoin briefly rose above $69,000, gaining 4% after reports of possible monetary easing emerged Tensions in the Middle East. It is unclear whether this momentum will carry over to major altcoins such as XRP.
Some believe the high trading volume indicated possible buying pressure ahead of a larger move. Others attributed the high volume of futures contracts to the high importance of the derivative compared to spot trading. This means that the high volume of futures trading may not have inspired the same confidence as spot trading.
Retail sales leader, institutional monitor
Analysis of the XRP wallet shows that ordinary people, not huge organizations, still dominate the cryptocurrency network. Millions of wallets hold tiny holdings of XRP, while a few wallets dominate the majority of the XRP supply.
The data shows that this distribution model has remained unchanged despite prices falling from their record high last year.
Given the high transaction volume, growing wallets, and stagnant prices, analysts are wondering how XRP will perform in the future.
Featured image from Meta, chart from TradingView
