24/7 Cryptocurrency News

XRP Ledger Crosses 5 Million Distinct Wallets, XRP Price Rally Imminent?

The XRP Ledger now boasts 5 million unique wallets holding more than 0 XRP, doubling in two years. XRP price surge most likely.
Published by
XRP Ledger Crosses 5 Million Distinct Wallets, XRP Price Rally Imminent?

Despite a 15% decrease in the price of Ripple’s native cryptocurrency XRP over the past month, the XRP ledger continues to achieve new milestones.

XRP Ledger Has 5 Million Distinct Wallets

On-chain data provider Santiment reports a significant milestone for the XRP Ledger, which now boasts 5.02 million distinct wallets holding more than 0 XRP coins. This achievement stands as the highest number of unique wallets in the XRP Ledger’s decade-long history of public trading.

Courtesy: Santiment

As the sixth-largest asset in the cryptocurrency market by market capitalization, XRP has witnessed substantial growth in wallet adoption. Over the span of three years, the number of wallets holding XRP has more than doubled, marking a remarkable increase of 104%. This surge in wallet adoption aligns with the ongoing expansion of the XRP Ledger network, highlighting the sustained interest and engagement within the XRP community.

Is XRP Price Rally Imminent?

Despite facing strong selling pressure, analysts are bullish about the XRP price bouncing back and setting up for the next stage of price rally. In a market analysis update, prominent crypto analyst XRP Whale shares insights, predicting a substantial price pump for XRP in the near term.

The analysis points to positive market dynamics, emphasizing the active participation of buyers who are robustly defending the $0.52 – $0.48 range. Notably, a bullish engulfing candle on the type 2 return of the Bullish Gartley pattern adds to the optimistic outlook for XRP.

Courtesy: XRP Whale

Moreover, on a popular YouTube Channel ‘Discover Crypto’ the analyst has given a 10x price prediction for XRP.

At the forefront of these positive developments is the upcoming resolution of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC). Referring to the SEC case as a “Black Cloud,” the analyst anticipates that settling this legal matter will eliminate uncertainties in the market.

The second and third catalysts emphasize on the importance of legal clarity post-settlement and the potential for a Ripple initial public offering (IPO). However, note that Ripple CEO Brad Garlinhouse has canceled the plans for a US IPO earlier this month. The analyst contends that achieving legal certainty will encourage multiple exchanges to reintroduce XRP, thereby leading to a similar impact of the Coinbase IPO on BTC back in 2021.

The fourth catalyst revolves around the anticipation of cryptocurrency legislation, which could potentially trigger an XRP rally. The analyst suggests that the entire crypto industry stands to benefit from regulatory clarity, with XRP positioned as a key candidate for substantial gains once comprehensive legislation is enacted.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus

Leading cryptocurrency exchange LBank has signed a historic sponsorship deal with the Argentine Football Association…

September 28, 2025
  • 24/7 Cryptocurrency News

ASTER Leads Perp DEX Volumes Despite $4.8M Wintermute Transfers

ASTER dominates decentralized perp trading with $42 billion in daily volume. Meanwhile, Wintermute moved $4.8…

September 28, 2025
  • 24/7 Cryptocurrency News

USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure

Native Markets has staked and locked 200,000 HYPE tokens for three years, making USDH the…

September 28, 2025
  • 24/7 Cryptocurrency News

SEC to Decide on Six Spot XRP ETF Applications in October

The U.S. Securities and Exchange Commission (SEC) is preparing for a key week in October…

September 28, 2025
  • 24/7 Cryptocurrency News

Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL

Ripple has partnered with Ondo Finance to combine traditional finance with blockchain technology. This partnership…

September 27, 2025
  • 24/7 Cryptocurrency News

Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows

Ethereum’s exchange supply has dropped by more than 52% from their 2016 levels, hitting a…

September 27, 2025