While XRP has faced massive sell pressure recently, the price decline has not dampened confidence, as network growth shows no signs of slowing.

According to on-chain data from Glassnode, the number of XRP addresses holding at least 1 XRP has reached an all-time high of 6,255,795 as of April 7, 2025.

Signs of Strength Amid Dipping Prices

This milestone comes despite XRP’s price dipping from over $2.10 to $1.60 this week. This highlights a divergence between XRP’s short-term market volatility and long-term user adoption.

Market analyst Ali Martinez cited the data as a sign of strength, noting that the XRPL network continues to grow stronger despite recent volatility. The chart he shared shows a steady rise in wallet growth over the past weeks amid long-term holders’ optimism.

Broader Spectrum of XRP Holders

While this data points to a new record in holders of at least 1 XRP, the number of wallets with a non-zero balance of XRP is also maintaining an uptrend.

In particular, data from the XRP Rich List shows that as of the start of the year, the total number of active XRP wallets was around 5.839 million. As of press time, that number has increased to 6.366 million, reflecting an addition of over 527,000 new XRP wallets this year.

Meanwhile, as of January 2024, the figure was 4.9 million, as reported by The Crypto Basic. The current count of non-zero balance XRP addresses indicates that 1.466 million new XRP wallets have joined the network over the past year.

The increase in unique addresses suggests growing interest in XRP from new participants amid speculation around future utility, ETF potential, and continued developments in Ripple’s global partnerships.

While the price faces short-term headwinds, the expanding user base could lay the groundwork for stronger price action in the future, as seen in the last quarter of 2024 leading into the new year.

The majority of XRP Wallets Are Small Holders

Meanwhile, the majority of XRP wallets belong to small holders. Specifically, 2.639 million addresses hold only 0 to 20 XRP tokens, while another 2.518 million wallets hold between 20 and 500 XRP tokens.

These tiers of investors make up an astonishing 5.125 million wallets, or 81% of the total count of active XRP holders.