[Digital Today reporter Yoonseo Lee (이윤서)] The number of wallets on the XRP Ledger (XRPL) rose to 8.19 million, extending the network’s expansion trend. XRP’s price, however, is holding more than 60 percent below its July 2025 peak, showing a divergence between on-chain growth and the market price.

On April 6 (local time), blockchain outlet The Crypto Basic reported that on-chain data shared by a community figure, Eri (에리), put the number of XRPL wallets at 8.19 million as of April 5, 2026.

Price action has been somewhat weak. XRP fell from its July 2025 peak of $3.65 and has not shown a clear recovery. At the current point, XRP is at $1.31, about 63 percent below the peak. As wallet counts steadily rise, price momentum is weak, keeping the gap in place.

A similar picture has emerged in on-chain indicators. One analytics firm said on March 17 that XRPL wallets with a non-zero balance topped 7.7 million for the first time in its more than 13-year history. Over the same period, active addresses also rose to 46,767, a five-week high. XRP’s price at the time rose 14 percent over 48 hours and briefly moved above $1.60.

Total wallet figures vary by data provider. Santiment put the number of non-zero-balance wallets at about 7.7 million, while CryptoQuant presented a figure of around 8.1 million. The difference can stem from methodology, such as whether only active wallets are counted or whether all created accounts are included.

Wallet distribution shows many small holders. Data shared on March 21 also highlighted that "most XRP holders are concentrated in low-balance ranges." That indicates a broad base of individual participation, while also underscoring that a small number of large holders control a significant portion of supply.

The rise in XRPL wallet counts can be read as a signal of network expansion, but it is hard to interpret it immediately as a bullish signal because the divergence with price continues. Ultimately, an analysis says XRP’s future direction depends on whether on-chain growth leads to a tangible recovery in demand and how much the imbalance in the holding structure eases.

Even if improvements in network indicators continue, the market tends to interpret them conservatively until it confirms actual buying inflows. Rising wallet counts and active addresses are meaningful signals, but another view says a price rebound would also need fresh capital inflows, increased trading activity and easing pressure from large holdings.

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