More than 8 million wallets now hold XRP — a milestone that comes even as the 
token&#8217;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&#8217;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&#8217;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

XRP Wallet Count Tops 8 Million As Trading Volume Nears $4 Billion

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