XRPL wallets reach 8.1 million despite price weakness

XRPL wallets hit 8.1M while XRP hovers near $1.30. Price pressure persists amid ceasefire uncertainty in the U.S.–Iran conflict reported by Bitcoinist.

Crypto Eri flagged the new wallet high in an X post, citing CryptoQuant. XRPL wallets now total 8.1 million, pointing to steady network adoption as institutions explore RWAs per Bitcoinist.

Daily active addresses held firm. The metric recently spiked to nearly 32,000, close to the February 10 peak of 32,600 source.

More than half of XRP supply is underwater Bitcoinist. Glassnode said wallets that bought above $2 over the past year have been realizing $20–100 million in losses per day since November 2025 Glassnode on X.

Santiment noted average active wallets on XRPL are down 41% year-over-year, with XRP’s MVRV at its lowest since November 2022 Santiment. The firm added that deeply negative returns historically imply lower-than-average risk for buyers statement.

Technical view turns cautious. Analyst CasiTrades warned structure still points lower after a clean 5-wave into resistance and a bearish divergence CasiTrades.

Targets she outlined:
- First leg to $1.13 source
- Relief, then $1.08 at the macro .786 support source
- Possible break to $0.87 after chop and a bounce source

XRP trades around $1.30, down over 2% in 24 hours data cited.