XRP Wallet Count Tops 8 Million As Trading Volume Nears $4 Billion
XRP Wallet Count Tops 8 Million As Trading Volume Nears $4 Billion
XRP has reached a significant milestone, with over 8 million wallets now holding the token, demonstrating continued adoption despite its price being over 60% below its July 2025 peak. The XRP Ledger also recorded substantial trading activity, with combined spot and futures volume nearing $3.86 billion and open interest at $2.50 billion, indicating broad participation from traders. While the network remains primarily dominated by retail holders, these metrics suggest robust underlying activity. Bitcoin also saw a brief push above $69,000 amidst broader market movements, leaving analysts to ponder XRP's future trajectory amidst growing activity and stagnant prices.
More than 8 million wallets now hold XRP — a milestone that comes even as the token’s price sits well below where it stood less than a year ago. Related Reading: XRP Headed For A Price Shock, Japan’s Financial Heavyweight Says
A Market Still Chasing Its Peak XRP traded at $1.35 on Monday, up roughly 4% on the day, but still more than 60% below the $3.65 high it hit in July 2025. Despite that gap, activity on the XRP Ledger has kept climbing. Wallet counts crossed 8 million, according to on-chain data, a figure that continues rising regardless of where the price stands. Most of those wallets belong to retail holders with relatively small balances. A much smaller group controls the bulk of the supply.
Trading volume told a different story entirely. Data from CoinGlass put XRP’s combined spot and futures activity at $3.86 billion in a single 24-hour window — $3.25 billion of that coming through futures markets and $605 million through spot trading. Open interest stood at $2.50 billion, a sign that traders are not just moving in and out quickly but holding positions. Binance led all exchanges in futures open interest, posting $140 million. Upbit followed at $111 million, with Coinbase close behind at $85 million. That spread across both global and US-based platforms points to broad participation rather than activity concentrated in one region.
Despite a softening of the $XRP price that began in July 2025 (shown in black), wallets continue to climb (shown in blue). 👉8.1M #XRP Ledger wallets as of April 4, 2026 Source: CryptoQuant pic.twitter.com/vSpOd94jg7 — 🌸Eri ~ Carpe Diem (@sentosumosaba) April 5, 2026
Volume Climbs Across Borders XRP’s market cap sat at $82 billion during the same period. The numbers came on a day when broader crypto markets were also moving. Bitcoin briefly pushed back above $69,000, gaining 4% after reports emerged of a possible easing in Middle East tensions. Whether that momentum would carry over to major altcoins like XRP remains unclear. Some believe that the high trading volume was an indication of a possible buy pressure before a bigger move. Others attributed the high volume of futures to the large weight of the derivative instrument as compared to spot trading. This means that the high trading volume of futures might not have represented the same conviction as spot trading. Related Reading: Bitcoin ETFs Gaining Ground, Could Soon Surpass Gold—Analyst
Retailers Lead, Institutions Monitor The wallet analysis of XRP indicates that the cryptocurrency network is still dominated by ordinary people instead of big organizations. Millions of wallets have little XRP holdings while the few wallets dominate the majority of XRP supply. The data indicates that such a distribution model has remained the same despite the fall in price since its all-time high last year. With the high volume of trading, increasing wallets, and stagnant prices, analysts are wondering how XRP will proceed in the future.
Featured image from Meta, chart from TradingView