XRP’s price action has stabilized after a weak start to the year, but fresh on-chain readings suggest the token may not have formed a durable local bottom. At the same time, the XRP Ledger is seeing notable growth in the number of addresses holding small and mid-sized balances, pointing to rising retail participation.
XRP is the native token of the XRP Ledger, a decentralized blockchain designed to facilitate fast, low-cost value transfers, particularly for cross-border payments.
On-chain signal points to a bottom not yet confirmed
On-chain analyst Joao Wedson said in a recent post on X that XRP has likely not entered the early stages of a sustained rebound. Wedson cited a “Number of Days Spent at a Profit” indicator, which gauges how long current holders have been in profit relative to historical price levels.
According to the analyst, this metric has historically reached extreme readings near durable market turning points. By comparison, current readings remain well below those hallmark zones, implying additional downside risk in the near to mid term before a more convincing bottom structure can form.
XRP Ledger address growth led by small and mid-sized holders
Blockchain analytics firm Santiment reported broad-based expansion across XRP Ledger address cohorts, with the most pronounced growth among smaller holders. Addresses with fewer than 100 XRP — often referred to as “shrimp” wallets — have increased to roughly 5.66 million, highlighting growing retail participation.
Mid-tier addresses holding between 100 and 100,000 XRP have also expanded, reaching an estimated 2.01 million. This cohort often represents more active accumulators and a significant share of network participants. Address counts do not equate to unique users, as entities can control multiple addresses, but the growth trend indicates rising engagement across the ledger.
Large-holder growth remains muted
In contrast, the number of addresses with more than 100,000 XRP stands near 32,054, showing only marginal growth. Santiment’s data suggests larger holders may have been distributing or repositioning rather than accumulating aggressively. With limited net growth among whales, price support from this group appears muted, reinforcing the case that a local bottom could still lie lower.
Market snapshot
As of press time, XRP trades around $1.44, down approximately 0.4% over the past 24 hours, according to TradingView data.