The total number of XRP addresses smashed through an all-time high of 6.87 million on March 1, despite XRP’s price sitting well below its peak, as per Glassnode data retrieved by on-chain crypto analyst Ali Martinez.
As of today, March 14, XRP scan data shows the network now has 6,274,058 accounts—up from the 5 million we saw early in 2024. This rapid expansion is mirrored by a significant rise in trustlines, which enhance the network’s capacity to handle diverse digital assets, reinforcing its appeal for cross-border payments, decentralized finance, and beyond.
On March 5, Martinez also reported a staggering 620% week-over-week increase in active XRP active addresses, jumping from 74,589 to 462,650.
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Despite this bullish on-chain activity, XRP whales, large holders with significant influence, have been unusually quiet in the past week, with no major buying or selling reported, suggesting a period of accumulation or consolidation among major players.
As of March 14, XRP is trading at $2.32, reflecting a modest 2.16% increase in the last 24 hours. While this price is well below XRP’s all-time high, the network’s fundamentals remain strong.
For investors and market watchers, the combination of skyrocketing active addresses, whale accumulation prior to the last week, and declining exchange reserves signals potential upside for XRP. However, the lack of whale activity in the past week could indicate a strategic pause before a significant move.
Finbold will continue to monitor XRP’s price action, on-chain metrics, and whale movements to provide timely updates on this evolving story.
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