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- XRPL surpasses 7.7 million holders, marking record adoption growth.
- Rising on-chain activity aligns with XRP’s recent price surge.
- Network upgrades and investor interest support bullish momentum.
The native token of XRP is drawing renewed attention after a major milestone for the XRP Ledger (XRPL). Fresh data from Santiment shows the network has surpassed 7.7 million holders for the first time in its 13-year history—an indicator of steady adoption and growing user engagement.
The development comes as XRP’s price and on-chain activity rise in tandem, signaling a possible shift in market sentiment toward the asset.
XRPL Adoption Reaches Record Levels
According to Santiment, XRPL now hosts more than 7.7 million wallets holding XRP, marking a significant milestone since the network’s launch in 2012. The steady increase in holders reflects long-term growth rather than short-lived speculation, suggesting that users continue to engage with the network over time.
On-chain data further supports this trend. Active addresses recently climbed to 46,767—the highest level recorded in over a month—highlighting renewed participation from both retail traders and institutional players.
This rise in activity points to strengthening fundamentals within the XRPL ecosystem, with more users transacting, holding, and interacting with the network.
Security Upgrade Strengthens Network Confidence
The milestone follows a recent update to the XRP Ledger, version 3.1.2, introduced by Ripple. The upgrade focused on addressing key vulnerabilities that could cause server instability, including unexpected crashes or restarts.
By improving network reliability and security, the update may have contributed to increased user confidence. Stronger infrastructure often plays a crucial role in driving adoption, particularly as blockchain networks scale and attract more participants.
XRP Price Surges Alongside Activity
XRP’s market performance has mirrored the surge in network activity. The token posted a sharp 14% gain within 48 hours, reflecting heightened demand and trading interest.
At the time of writing, XRP is trading around $1.51, recording a modest daily gain while maintaining a 10% increase over the past week. Despite a slight dip over the past month, the broader trend suggests growing bullish momentum.
Also Read: Goldman Sachs Reveals $153M XRP ETF Bet — Is Institutional Money Fueling the Next Rally?
Notably, XRP briefly broke above the $1.60 resistance level, a key technical threshold closely watched by traders. Market analysts remain optimistic, with some pointing to continued upside potential if current conditions persist.
The convergence of rising adoption, improved network stability, and increasing market activity positions XRP as one of the more closely watched altcoins in the current cycle.
While volatility remains a factor, the steady growth in XRPL users and engagement provides a stronger фундамент for long-term expansion. If adoption continues at this pace, XRP could be well-positioned to test higher price levels in the months ahead.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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