XRP wallets on the XRP Ledger have surpassed 8 million, marking a new network milestone even as the token’s price remains well below its 2025 peak. Derivatives-led trading activity climbed alongside open interest, suggesting elevated positioning across exchanges.
XRP Wallets Top 8 Million
The number of XRP Ledger wallets crossed 8 million and continues to rise regardless of price direction, according to on-chain data. A snapshot shared from CryptoQuant data shows approximately 8.1 million wallets as of April 4, 2026. Most addresses hold relatively small balances, while a smaller cohort controls a large portion of the circulating supply — a distribution pattern that has persisted despite price volatility since last year.
Derivatives Drive Volume as Open Interest Climbs
Trading activity was robust over a recent 24-hour window, with combined spot and futures volume at roughly $3.86 billion, per CoinGlass. Futures accounted for about $3.25 billion of that total, while spot trading contributed approximately $605 million. Open interest stood near $2.50 billion, indicating traders are maintaining positions rather than moving in and out quickly. By exchange, Binance recorded the largest share of open interest, and activity was dispersed across both global and U.S.-based platforms, according to the same data.
Market commentators were split on the implications. Some viewed the higher volumes as potential buy-side interest ahead of a larger move. Others noted that outsized derivatives activity relative to spot may not reflect the same conviction as spot purchasing.
Price, Market Cap, and Market Backdrop
XRP traded around $1.35 on Monday, April 6, 2026, up roughly 4% on the day but still more than 60% below its July 2025 high near $3.65. The token’s market capitalization stood at approximately $82 billion during the same period.
Broader crypto markets were also firmer. Bitcoin briefly reclaimed $69,000, rising about 4% amid reports suggesting a potential easing of tensions in the Middle East. Whether that momentum extends to major altcoins such as XRP remains uncertain.
Holder Base Remains Largely Retail
Wallet analysis indicates that XRP ownership remains dominated by retail participants, with millions of small-balance addresses and a relatively small number of large holders. The combination of growing wallet counts, elevated trading volumes, and a price still far from its 2025 high leaves the market watching for clues on XRP’s next directional move.