On-chain data shows that XRP adoption continues to accelerate, with total XRP Ledger wallets surpassing 8.1 million, marking a new all-time high.
More specifically, the number of addresses climbed to approximately 8,189,798 in early April, reflecting steady and consistent growth throughout 2026, as per data retrieved by MarketSleek from on-chain analytics platform CryptoQuant.
At the same time, however, price action tells a very different story. While network participation has trended upward in a near-linear fashion, XRP’s price has remained volatile and largely range-bound following its decline from 2025 highs.
XRP price struggles near $1.35 despite network growth
Looking more closely at the latest chart data, the contrast becomes even more pronounced. The total number of XRP wallets has steadily increased from below 7 million to over 8.1 million, forming a smooth upward curve that reflects consistent onboarding and network expansion.
In contrast, XRP’s price trajectory has been far more unstable. After peaking in 2025, the asset entered a prolonged correction phase, with prices now hovering around the $1.30 to $1.35 range.
XRP market sentiment
At present, the token appears to be trading as a high-beta proxy for the wider crypto market rather than on its own catalysts. In other words, its price movements are closely aligned with those of Bitcoin and the overall digital asset market.
This interpretation is reinforced by derivatives data, which shows total crypto market open interest surging 15.39% in just 24 hours, signaling a sharp increase in speculative positioning. As capital flows back into the market, XRP is benefiting alongside other altcoins, even in the absence of a project-specific trigger.
Moreover, trading volume has jumped significantly, rising more than 83%, although this increase mirrors broader market activity rather than indicating isolated demand for XRP.
XRP price levels to watch
XRP is currently trading around $1.35, up 3.94% on the day, as it tracks the broader crypto rebound. However, its short-term trajectory remains tightly linked to Bitcoin’s performance.
From a technical standpoint, the $1.30 level now serves as key support, and holding above it is essential to maintain bullish momentum. If the broader market rally continues and Bitcoin sustains strength above $70,000, XRP could move higher toward the $1.40 resistance zone.
On the other hand, downside risks remain firmly in place. Should Bitcoin lose momentum, XRP could quickly reverse course and retrace toward the $1.20 level, reinforcing its dependence on macro crypto trends.
Featured image via Pexels/ Alesia Kozik
