The XRP Ledger is on the verge of a historic milestone, with the total ledger count set to surpass 100 million imminently.
Specifically, the count stands at approximately 99.1 million, having experienced steady growth in recent months, according to the latest on-chain data retrieved by Finbold from CryptoQuant on September 29.
The ledger count has steadily risen since late 2022, reflecting greater use of the XRP Ledger, with the growth closely tracking notable XRP price movements.
In this case, XRP traded below $0.40 for much of 2023 as the ledger count climbed. With network activity accelerating in 2024, XRP broke out from under $0.50 to above $2, marking one of its strongest rallies in years alongside rapid ledger growth.
In 2025, the token has held a higher range between $2 and $3, with steady ledger expansion supporting stronger price stability.
Overall, reaching 100 million ledgers will be a symbolic milestone, highlighting XRP’s resilience and adoption amid rising blockchain competition. Meanwhile, as the ledger count rises, XRP continues to attract significant interest despite trading below $3.
Notably, whale investors have accumulated approximately 120 million tokens over the past three days. At the same time, market participants are watching the Securities Exchange Commission for approval of pending spot XRP ETF applications, which is expected later next month.
XRP price analysis
At press time, XRP was trading at $2.86 after rallying almost 3% in the past 24 hours, while gaining about 1.4% on the weekly timeframe.
At the current valuation, the token is just below its 50-day SMA of $2.96, suggesting mild short-term weakness after XRP market value drop. However, it remains comfortably above the 200-day SMA of $2.59, indicating that the broader bullish trend is intact.
On the other hand, the 14-day RSI at 45.95 points to neutral momentum, showing neither overbought nor oversold conditions. Overall, XRP appears to be consolidating, with price action balanced between short-term resistance and long-term support.
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