Look, here’s the setup everyone loves to pretend is obvious: XRPL wallets up to 8.1 million, according to Crypto Eri. And the XRP price? Around $1.30, which, frankly, is about as exciting as my toaster. Adoption’s climbing, price is not-classic comedy, folks.
XRP Ledger Wallets Rising While the Price Slumps
In a post, Crypto Eri notes the wallet count rising despite a price softness that began back in 2025. 8.1 million wallets, per CryptoQuant. Great, we’ve got real-world asset tokenization on the horizon-because nothing screams “wow” like more wallets. The price? It’s not exactly throwing a party.
CryptoQuant data also show daily active addresses hovering around the same range, even as the XRP price dips. The latest spike pushed a touch past 32,000-almost matching February’s 32,600 high. A minor victory lap, if you squint hard enough and pretend you care.
Meanwhile, more than half of the XRP supply sits underwater. Glassnode notes investors who bought above $2 in the last year have been taking losses ranging from $20 million to $100 million per day since November 2025. It’s the financial version of stepping on a rake-hard to dodge, and somehow you still get hit in the face.
Santiment adds that average wallets active on the XRP Ledger over the past year are down 41% on average, with the XRP price hitting a fresh low. They remind us this is the lowest Mean Value to Realized Value (MVRV) for XRP traders since the FTX crash. Great timing, as siempre, the graph keeps embarrassing you in public.
Santiment adds that significantly negative returns imply much lower risk than average when you’re buying or adding to your position. Translation: “Everyone’s underwater, so how bad can it get?” It’s the old days of the stock market, but with more drama and fewer mosquitos.
XRP Structure Still Points Lower
Crypto analyst CasiTrades warns the XRP structure still points downward, suggesting the price could slip further. She notes the price failed to make a new high and instead printed a clean five-wave move into resistance. Bearish divergence? Exhaustion at the top. Groundhog Day meets chart analysis.
She also mentions XRP sits right between support and resistance with several degrees lining up to the downside. So how low could it go? The first target around $1.13, followed by a small relief bounce to about $1.08-the macro .786 support. If the chop continues, we might even see a break lower to around $0.87 after more bouncing and confusion. It’s not pessimism, it’s just chart drama with a side of sarcasm.
As of writing, XRP trades around $1.30, down more than 2% in the last 24 hours, according to CoinMarketCap. Wallets go up, prices go down-because nothing screams balance like crypto’s never-ending tug-of-war.
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2026-04-07 21:58