XRP Ledger 10K XRP Wallets Hit Record High as Accumulation Trend Grows

TLDR

• XRP Ledger addresses with at least 10K XRP reached a record 332,230.
• The 10K XRP address count has grown steadily since June 2024.
• XRP traded at $1.46 at the time of writing, based on supplied data.
• More than 4,500 10K XRP addresses dropped between February 6 and 8.
• No confirmed XRP-specific event has been tied to the February address drop.

XRP Ledger addresses holding at least 10,000 XRP have reached a record 332,230, according to on-chain data. The rise extends a growth trend that began in June 2024, while XRP traded at $1.46 at the time of writing. The data points to steady accumulation by larger holders during months marked by price swings and caution within the broader market cycle.

XRP Ledger Address Count Reaches New Record

The latest on-chain data shows that 332,230 XRP Ledger addresses now hold at least 10,000 XRP. This marks an all-time high for this address group. The count has continued to rise since June 2024, and it has now moved above earlier levels. The growth shows that more XRP Ledger addresses have crossed the 10,000 XRP mark. 

Market watchers often track this group because it can show activity among mid-to-large holders. Still, address growth does not always mean each address belongs to a separate person. The XRP Ledger does not offer one built-in wallet system. It records addresses on the ledger and the XRP balances linked to them. 

Crypto wallets are separate tools that can control or access those addresses. For that reason, the term “wallet” is often used in market reports, but “addresses” is more exact. One holder can control several addresses, and one address can also be linked to a service.

Growth Trend Builds Despite Price Pressure

The rise in 10K XRP addresses has continued during a period when XRP traded below earlier highs. According to the supplied data, XRP was priced at $1.46 at the time of writing. This shows that the address count rose while the asset faced weaker price action.

On-chain data can help show how holders behave during volatile periods. A rising number of addresses with at least 10,000 XRP can suggest steady positioning. However, the data alone does not confirm the reason for each holder’s action. The continued growth may reflect accumulation by larger holders during periods of market caution. 

It may also include exchange movements, custody changes, or address management by large entities. These factors mean the data should be read with care. The trend remains notable because it has lasted for many months. Since June 2024, the count has moved higher across different market phases. That steady rise makes the record level a key data point for XRP market tracking.

February Drop Followed Crypto Wide Liquidations

The data also shows a sharp fall of more than 4,500 addresses between February 6 and February 8. No confirmed XRP-specific event has been tied directly to that decline. The timing, however, came soon after the crypto-wide crash and liquidations reported on February 5.

Such drops can happen when balances move between addresses or fall below a tracked threshold. They can also occur during forced selling, exchange flows, or internal wallet changes. Without a confirmed event, the cause remains unverified. Since that drop, the number of 10K XRP addresses has recovered and moved to a new high. 

The latest count of 332,230 means the address group has now exceeded the levels seen before that decline. The record comes as XRP Ledger activity remains under close market watch. The growth in addresses with at least 10,000 XRP gives analysts another data point. It also adds context to holder behavior while XRP trades below prior peaks.

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