- XRP reached a record 6.26 million addresses holding at least one token, showing strong network growth.
- New and active wallet numbers are rising, suggesting more users are joining and using the network.
XRP has recorded a new milestone in its network growth, with over 6.26 million addresses now holding at least one token. This all-time high in address count, as highlighted by analyst Ali Martinez, reflects growing user interest despite recent market volatility.Â
Glassnode data also supports this hike, revealing that the number of wallets carrying XRP gradually increased between March 29 and April 7, indicating price volatility. On April 7, the number of addresses was pegged at 6,255,795 even as XRP was at $1.90.
This increase is more indicative of steady growth over time and user confidence in the ecosystem. Historical data from the supply chain also echoes this trend, where wallet accumulation increases when the market is bullish.
On-Chain Activity Points to Continued Engagement
Supporting the address growth, the number of new and active wallets has also experienced new upward movements. Glassnode further reveals that there have been increased numbers of new XRP address creations since late 2024, meaning that more users are joining the network.
The daily active addresses have also been consistently higher and regularly cross the 100k mark, indicating continual growing involvement. This type of activity indicates that such large numbers of users are continuously active in that market rather than just speculative trading.
Historical data shows that active address growth intensifies before the price increase, and therefore, active usage is the equivalent of market demand.
Exchange Flows Highlight Accumulation Patterns
Further evidence of market behavior includes the exchange netflow trends of XRP. According to the data obtained from Coinglass, net outflows from the exchanges began in mid-January of 2025 with intermittent inflows. The dominance of red bars in the inflow/outflow chart suggests that more XRP is leaving centralized platforms than entering, a signal often interpreted as accumulation by long-term holders.
These trends have emerged as XRP price rests and hovers above the $1.80 level after it was trading in the $3 zone. The reduction in available exchange supply, combined with growing wallet counts and active user metrics, strengthens the case for a bullish outlook.
As of April 9, XRP trades at $1.83 with a market capitalization of $106.65 billion. It’s still ranked fourth by market capitalization, and its trading volume in the last 24 hours is $7.41 billion.
SEC Pushes Back Against Emergency Filing in Ripple Case
This news comes as the U.S. Securities and Exchange Commission (SEC) has officially dismissed an application from nonparty Justin W. Keener to submit evidence in the ongoing Ripple case. This motion was filed in the Southern District of New York, where the SEC opposed Keener’s request on the grounds of jurisdiction and procedure.
The agency also clarified that the federal court’s jurisdiction has been relinquished in the case. It pointed out that the matter is now taken to the Second Circuit Court of Appeals. The commission also noted that Keener had not filed the necessary motion to intervene at an appropriate time before making his emergency motion. The SEC argues that the procedural error makes the filing unlawful.
