**XRP Network Reaches 6.26 Million Addresses; Exchange Outflows Indicate Long-Term Holder Accumulation Amid Rising User Adoption**
Exciting news for the XRP community! The XRP network has now surpassed an impressive 6.26 million addresses, showcasing a growing interest among users. Recent exchange outflows suggest that long-term holders are accumulating XRP as user adoption continues to rise. In a significant development, the SEC has dismissed a motion in Ripple’s ongoing case, allowing for a more focused legal approach while upholding previous rulings regarding XRP’s status.
In the last 24 hours, Ripple’s XRP has surged by 10.46%, reaching $2.05, with trading volume skyrocketing by 37.92% to $8.92 billion. This rally follows the launch of the first U.S.-based XRP exchange-traded fund (ETF), Teucrium’s XXRP, which made a splash with $5 million in trading on its debut day. The ETF cleverly tracks XRP’s performance through derivatives, sidestepping direct holdings due to regulatory challenges. The introduction of XXRP is a significant milestone for XRP, providing investors with indirect exposure through a regulated product.
Analysts from ETHNews have pointed out that the ETF’s structure—utilizing swaps instead of holding XRP directly—helps avoid complications related to Ripple’s ongoing legal issues with the SEC. Despite this innovative approach, the ETF’s launch has coincided with increased activity in the spot market, indicating a renewed sense of confidence among investors.
**Network Growth Signals User Expansion**
According to data from Glassnode, XRP’s network has reached a record 6.26 million addresses holding the token. This growth has been steady since late 2024, with active wallets increasing even amidst price fluctuations. On April 7, the number of addresses stood at 6,255,795 while XRP traded at $1.90, suggesting that users are accumulating during price dips.
Exchange data reinforces this trend, as net outflows from platforms like Binance and Coinbase have been prevalent since mid-January 2025. This movement indicates that users are transferring XRP to private wallets, a behavior often associated with long-term holding.
In a recent development, the SEC dismissed an emergency motion from third-party Justin W. Keener to submit evidence in the Ripple case, citing procedural grounds. This decision allows the case to proceed without distractions, keeping the focus on the core arguments. Ripple’s partial victory in 2023, which determined that XRP is not a security in retail sales, remains intact.
For XRP to maintain its bullish momentum, it needs to stay above the $2.00 mark. Resistance is anticipated near $2.20, a level last tested in March, while support at $1.90 aligns with recent accumulation zones, suggesting that buyers may defend this price point.
The ETF’s influence extends beyond just price movements. By connecting traditional finance with the crypto world, it has the potential to attract institutional capital that may be hesitant about direct token exposure. However, regulatory clarity is crucial. Until the SEC case is resolved, the risk surrounding XRP’s classification remains.
XRP’s recent rebound reflects a sense of optimism, but it does face challenges ahead. Broader market sentiment, Ripple’s legal progress, and ETF inflows will play significant roles in shaping its future. For now, the growth in addresses and accumulation patterns indicate that holders are betting on the utility-driven demand for XRP, especially in cross-border payments.
Currently, XRP (Ripple) is trading at $2.03 USD, having experienced a -2.64% decline over the past 24 hours and an -11.37% drop in the past week. These losses come amid a broader downturn in the crypto market, affecting many assets.
