- XRP addresses with 1M+ tokens reached an all-time high of 6.25M, reflecting consistent growth despite a falling market price.
- XRP futures volume across exchanges spiked to $21.62 billion, indicating a surge in leveraged positions during market uncertainty.
- Price fell to $1.90 while wallet growth continued, suggesting retail accumulation and heightened engagement from long-term participants.
The XRP network continues to exhibit growth in usage amid a choppy price environment as well as volatile trading volumes. Recent on-chain as well as futures metrics indicate both an increasing base for XRP holders as well as a renewed surge in the volume of futures.
Steady Growth in XRP Wallets Holding 1M+ Token
On April 7, 2025, XRP reached a new milestone with 6,255,795 addresses holding at least 1M+ XRP. This marks the highest number ever recorded. This growth began shortly after March 29, when the number stood just below 6.23 million.
A short-term dip in wallet count occurred on April 1, potentially linked to a round of selling or wallet restructuring. However, this decline was quickly followed by five days of consistent increase. From April 2 through April 7, the network saw sustained growth in addresses, indicating continued participation from holders.
During this period, XRP’s price displayed contrasting behavior. The token was priced around $2.14 on March 29 but began falling on April 5. It dropped sharply to $1.90 by April 7, creating a divergence between price and address count.
This contrast may suggest user interest remained high, even as market sentiment cooled. The rise in address count points to accumulation from either new participants or existing holders increasing positions amid lower prices.
XRP Price Shows Weakness While Interest in Futures Rises
XRP’s market capitalization fell consistently over the previous month, from above $2.50 on March 6 down to $1.90 on April 7. While falling, trading patterns in the futures market started to change.
According to data shared by ali_charts, XRP futures volume across all exchanges reached $21.62 billion on April 7. This represents a new monthly high. Futures volume had previously spiked mid-March, especially around March 19, indicating a period of intense trading and speculation.
Throughout March, both the price and the trading volume receded, reflecting diminishing market activity. But in the first day of April, renewed demand for the futures contracts returned. Volume once again started increasing, in spite of the ongoing price decline.
This is an indication that the traders are coming back into the market as well as potentially preparing for higher volatility. Increasing volume combined with muted price tends to indicate that the traders anticipate higher movement in the future.
Traders and Holders Prepare for Potential Market Shift
The opposing trends between growing futures activity and falling prices hint at increased market anticipation. Market participants may be watching for either a recovery or further downside movement.
While long-term holders continue accumulating, as shown by the wallet growth, futures traders actively increase exposure. This dual behavior creates a complex landscape for XRP. It reflects both confidence among holders and caution or speculation among active traders.
The behavior of these two groups could shape XRP’s short-term market direction. The continued rise in futures volume may signal preparation for a strong breakout or further correction.
