XRP is testing a critical supply wall at $1.60 as on-chain data reveals a record-breaking expansion in network participation. With total non-empty wallets climbing to 7.7 million, the asset is seeing significant accumulation from long-term holders, suggesting that the recent price stagnation is masking a deeper shift in market positioning.
Why is the 7.7M Holder Milestone Significant?
The XRP Ledger (XRPL) has officially surpassed 7.7 million non-empty addresses, a first in its 13-year history. According to data from Santiment, this milestone isn't just a vanity metric; it coincides with a five-week high in daily active addresses, which hit 46,767 recently.
What actually matters is the behavior of these participants. Unlike previous cycles, the current growth is driven by investors capitalizing on price dips. As noted by Cointelegraph, this sustained network usage during broader market volatility indicates that the "HODLer" class is expanding rapidly. This accumulation trend mirrors the broader market shifts seen in other assets, where Uniswap and Sui are currently navigating a cooling sentiment that has forced retail investors to re-evaluate their long-term positions.
Is the $1.60 Resistance Finally Breaking?
Technically, XRP is trapped in a consolidation zone between $1.50 and $1.60. For bulls, the mission is clear: flip $1.60 from a sell wall into a support floor.
| Metric | Current Status |
|---|---|
| Non-Empty Wallets | 7.7 Million (Record) |
| Daily Active Addresses | 46,767 (5-Week High) |
| Whale Flow 30DMA | Positive (First time since Nov 2025) |
| Exchange Balances | Lowest levels since May 2021 |
Whale activity has turned decisively bullish. The 30-day moving average for whale flows has flipped positive for the first time since late 2025, ending a four-month period of persistent sell-side pressure. If the price clears the $1.60 hurdle, technical analysts are pointing toward a move to $1.95 or even $2.55, following the pattern of previous breakouts where reclaiming key moving averages triggered massive rallies. Similar to how MicroStrategy’s massive BTC buy influenced market sentiment, this whale accumulation in XRP provides a fundamental backstop for the current price action.
Can XRP Sustain the Momentum?
The reduction of XRP supply on exchanges to levels not seen since May 2021 creates a classic liquidity crunch scenario. When supply on exchanges hits multi-year lows, even moderate buy pressure can lead to outsized price moves. Other market participants are keeping a close eye on these signals; for instance, multiple outlets including Bitcoinist have highlighted that when on-chain accumulation patterns align with technical breakout zones, the resulting volatility is rarely to the downside.
FAQ
What is driving the record number of XRP holders? Increased network utility and long-term investor accumulation, particularly during market dips, have pushed non-empty wallets to an all-time high of 7.7 million.
Why is the $1.60 price level important for XRP? $1.60 acts as a major "sell wall" and the upper trend line of a falling wedge pattern. Successfully flipping this to support would invalidate the current downtrend and likely trigger a rally toward $2.00+.
What does the recent whale flow data suggest? After four months of selling, the 30-day moving average for XRP whale flows has turned positive, indicating that large-scale entities are accumulating rather than offloading tokens.
Market Signal
To confirm a bullish breakout, watch for a daily candle close above $1.60 with high volume. If XRP fails to reclaim this level, expect a retest of the $1.50 support; however, the current decline in exchange-held supply suggests that the path of least resistance remains upward for the mid-term.