Key Highlights
- XRP Ledger registered 7.7 million funded wallets, marking an all-time record in the network’s 13-year existence.
- Active addresses on the blockchain surged to 46,767, representing the strongest daily figure in five weeks.
- The token’s value increased approximately 10% over a 48-hour period, crossing the $1.60 threshold.
- Exchange holdings grew to 2.85 billion XRP, suggesting increased token flows to trading venues.
- Blockchain analytics revealed expanding user engagement through rising wallet creation and transaction volumes.
XRP Ledger (XRPL) achieved a historic milestone with 7.7 million funded wallets during its 13-year operational history. Blockchain analytics demonstrated that daily active addresses surged to levels unseen for five weeks. Simultaneously, XRP price advanced approximately 10% across 48 hours, pushing beyond the $1.60 mark.
Historic Wallet Growth on XRP Ledger
Santiment’s analytics revealed that funded wallets on XRP Ledger reached 7.7 million on March 16. This metric represents an unprecedented peak since the blockchain’s inception more than a decade ago. Historical patterns demonstrate consistent wallet expansion throughout various market cycles. Users maintained address creation and funding activities despite price volatility.
Santiment stated that active addresses touched 46,767 on March 16. This reading represents the strongest daily engagement recorded since February 12. During early February, XRP declined to $1.11 before demand returned. Price stabilization brought renewed participation, driving activity metrics to multi-week peaks.
Token Distribution and Market Performance
CryptoQuant analytics indicated that exchange holdings previously fell to 2.75 billion XRP. Throughout that timeframe, the token’s value climbed from approximately $0.60 to surpass $3.00. Subsequently, reserves expanded to roughly 2.85 billion XRP by March 16. This movement suggests increased token transfers toward centralized trading platforms.
Santiment connected strengthening blockchain metrics with current price appreciation. The analytics provider documented a 14% surge within 48 hours before a modest pullback occurred. The digital asset recaptured the $1.60 threshold before retreating toward $1.53. Current trading data placed XRP at $1.53, reflecting a 3.24% daily advance.
XRP bounced back from its February 6 bottom of $1.11. The $1.60 level represented a 45% climb from that trough. This recovery aligned with expanding wallet totals and elevated address engagement. Analytics confirmed strengthening user participation alongside returning price strength.
Market intelligence verified that XRP reclaimed the fourth position among cryptocurrencies by valuation. The token advanced past BNB during its recent appreciation. Santiment noted that expanding active wallet counts correlated with increased transaction throughput. The analytics firm emphasized that growing holder numbers demonstrate sustained network interaction.
Previous reserve contractions aligned with significant upward price trajectories. The current reserve expansion may indicate near-term distribution activity. Future trends will depend on whether holdings decrease or maintain their current trajectory. As of March 16, blockchain metrics displayed elevated participation throughout the XRP Ledger ecosystem.
Santiment reported, “The network now maintains over 7.7 million funded wallets.” The platform verified that daily active addresses achieved a five-week high. These measurements represent the most recent recorded blockchain statistics for XRP Ledger.
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