- XRP holder addresses reach new all-time high (6.26M) despite recent price drops
- Accumulation possibly fueled by unconfirmed SEC settlement, US Treasury rumors
- Context: Holder growth’s stability questioned if based mainly on unproven rumors
XRP holders appear to be adopting a long-term outlook, judging by the cryptocurrency’s increasing demand despite dwindling fortunes triggered by the ongoing crypto market volatility.
Network adoption metrics show strength, with data highlighted by analyst Ali Martinez citing Glassnode showing the number of XRP addresses reaching a new all-time high of 6.26 million.
Related: Pro-XRP Lawyer Deaton Predicts XRP Will Flip Ethereum by End of Year
What Does the Holder Data Show?
According to the on-chain data, the number of XRP holders grew steadily on a daily basis in the past week even as XRP’s price declined.
Addresses holding at least 1 XRP were below 6.23 million as of March 29, 2025. One week later, that number rose to above 6.25 million. During that same period, XRP’s price dropped towards $1.90 after trading above $2.10 at the start of the week.
Why Are More People Holding XRP Despite Price Weakness?
This pattern suggests that more users may be acquiring XRP during price dips, possibly viewing current levels as a chance to buy at a cheaper rate in hopes of future price increases.
This interpretation points to the growing bullish sentiment surrounding the token, following signals that Ripple’s challenges with US regulators may be nearing its end.
Ripple has gone on to publicly state that they have reached an agreement with the SEC to end the litigation process with the company agreeing to pay $50 million in penalties. Many XRP supporters consider this as a positive development that frees the cryptocurrency from legal uncertainty that has stymied its growth relative to other top cryptos.
Related: Banking Giant StanChart Outlines XRP’s Path to $12.50
Additionally, speculation on the US Treasury including XRP in their strategic crypto stockpile has also boosted the altcoin’s appeal within the crypto community. Therefore, despite the ongoing volatility, the token’s supporters believe in its long-term future and growth potential.
XRP traded for $1.82 at the time of writing after recovering from a $1.61 yearly low earlier this week. The bearish pressure remains intact on the cryptocurrency, even though most users expect a trend reversal soon.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
