XRP has achieved a significant milestone in the crypto market, briefly claiming the third spot in market capitalization while setting a new record of 6.5 million active wallet addresses. This development comes as XRP’s price shows strong technical indicators suggesting further upside potential.
Record-Breaking Wallet Growth Signals Mass Adoption
According to data from Santiment, XRP has added over 638,000 non-empty wallet addresses since the start of 2025, representing an impressive 11% growth in just four months. This surge in adoption has pushed the total number of XRP holders to an all-time high of nearly 6.5 million, marking a crucial milestone in the network’s 12-year history.
Key Catalysts Behind XRP’s Market Performance
Several factors have contributed to XRP’s recent success:
- Missouri’s House Bill 594 proposing tax exemptions for crypto gains
- Integration with Travala as a payment method
- Surging trading volume (179% increase in 24 hours)
- Price reaching $2.61, marking monthly highs
Market Impact and Future Outlook
The temporary flip of Tether (USDT) for the third position in market capitalization demonstrates XRP’s growing influence in the crypto ecosystem. While the asset has since moved back to fourth place, the milestone highlights increasing institutional and retail interest in XRP as a viable digital asset.
FAQ Section
Why is XRP’s wallet growth significant?
The addition of 638,000 new wallets indicates strong organic adoption and growing confidence in XRP’s long-term potential.
What’s driving XRP’s current price movement?
A combination of regulatory clarity, increased utility through partnerships, and growing institutional adoption are key drivers.
How does this affect XRP’s market position?
The increased wallet count and market cap positioning strengthen XRP’s status as a leading cryptocurrency, potentially attracting more institutional investment.
Current market data shows XRP trading at $2.49, with technical indicators suggesting continued upward momentum. The surge in wallet addresses, combined with increasing trading volume, points to a robust foundation for sustained growth in the XRP ecosystem.
