Crypto expert Crypto Eri has unveiled a new milestone in terms of the number of XRP Ledger (XRPL) wallets despite the weakness in XRP prices. This comes as the altcoin threatens to fall below the psychological level of $1.30 amid uncertainty over a ceasefire in the war between the US and Iran.
XRP Ledger Portfolios Are Rising Despite XRP’s Weak Price
In one X messageCrypto Eri noted that despite a softening in the XRP price starting in 2025, portfolios continue to rise, with the XRP Ledger Wallets currently at 8.1 million, according to CryptoQuant data. This indicates increased adoption of the network, especially as more institutions tokenize real-world assets (RWAs).
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CryptoQuant data also shows that the number of daily active addresses on the XRP Ledger has remained stable despite the decline the XRP price. The number of daily active addresses recently spiked to a high of almost 32,000, almost matching the high of February 10, when it rose to 32,600.
It is worth noting that these milestones occur in more than half of the cases the XRP offering is under water. according to Glassnode that investors who accumulated more than $2 in the past twelve months have suffered losses of $20 million to $100 million per day since November 2025.
On-chain analytics platform Santiment noted that the average wallet active on the XRP Ledger has fallen by 41% on average over the past year, with the XRP price recently hitting a new low. The platform stated that this is the lowest average value to realized value (MVRV) for XRP traders since the FTX crash in November 2022.
Santiment explained that significantly negative returns entail much lower risk than average when buying or adding to positions. This is because competing traders are already in serious ‘blood on the street’ territory, so the downside to the XRP price may be limited.
XRP structure still points lower
Crypto analyst CasiTrades warned that the XRP structure is still pointing lower, indicating that the XRP price could fall further. She noted that the price failed to make a new high and instead pushed a clean 5-wave towards resistance. The analyst added that a bearish divergence has formed, which indicates exhaustion with resistance.
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CasiTrades also mentioned that the XRP price is right between support and resistance and several degrees are pointing downward. On how low the XRP price could fall, she said the first wave is aimed downward at $1.13. When that happens, she predicts the altcoin could experience a bit of relief before continuing towards $1.08, which is the macro support at .786. The analyst added XRP could see it a break lower to $0.87 after more chop and a relief bounce.
At the time of writing, the XRP price is trading around $1.30, down more than 2% in the past 24 hours. facts from CoinMarketCap.
Featured image from Freepik, chart from Tradingview.com