Record 7.18 Million XRP Wallets Signal Massive Adoption, Fueling $5 Ripple’s XRP Price Expectations ⋆ ZyCrypto

Ripple's XRP Price to $20? — Devs Unveil Super Bullish Proposal That Could Massively Advance XRPL

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Having recently elbowed Tether (USDT) from the third position, XRP continues to witness bullish momentum with the psychological price of $5 being a stone’s throw away.

With XRP presently pulling back at the $2.87 zone, the altcoin might be building the momentum needed to breach $5 fully.

Calling out this development, market analyst Lingrid pointed out, “XRP has successfully broken above the long-standing resistance line after multiple consolidation attempts within a descending channel. A continuation from this support could drive XRP into the 3.20–3.30 target zone.”

Source: Lingrid

A pullback confirms a trend’s strength by showing that buyers remain in control, stepping in at lower levels to sustain upward momentum.

Therefore, XRP might be witnessing the calm before the storm as its pursuit to hit the psychological price of $3 intensifies.

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XRP Wallets Explode

According to crypto pundit Leandrocrypto, “XRP hits a new all-time high in wallets. We just hit 7.18 million total addresses on the XRP Ledger. This milestone reflects growing adoption, massive network activity, and the increasing demand for XRP.”

Source: CryptoQuant

Why are XRP wallets going through the roof? Well, XRP recently surpassed Tether in market cap and is rapidly approaching the $3 psychological level, sparking retail fear of missing out (FOMO), attracting institutional interest, and driving a surge in non-custodial wallet setups as users move funds off exchanges.

Additionally, the XRP Ledger is accelerating the adoption of XRP, thanks to enhanced support for non-fungible tokens (NFTs), decentralized finance (DeFi), and tokenized assets.

Meanwhile, XRP whale accumulation has been going through the roof after surpassing 300 million coins, which might set the stage for a notable market shift.



Source: https://zycrypto.com/record-7-18-million-xrp-wallets-signal-massive-adoption-fueling-5-ripples-xrp-price-expectations/