- XRP network hits 6.26M addresses; exchange outflows signal long-term holder accumulation amid growing user adoption.
- SEC dismissed a motion in Ripple’s case, narrowing legal focus and maintaining prior rulings on XRP’s status.
Ripple’s XRP rose 10.46% to $2.05 over 24 hours, accompanied by a 37.92% jump in trading volume to $8.92 billion. The rally follows the launch of the first U.S.-based XRP exchange-traded fund (ETF), Teucrium’s XXRP, which saw $5 million in debut-day trading. The ETF tracks XRP’s performance via derivatives, bypassing direct holdings due to regulatory constraints.
XXRP’s introduction marks a milestone for XRP, offering investors indirect exposure through a regulated product. ETHNews analysts note the ETF’s design—using swaps rather than holding XRP directly—avoids complications tied to Ripple’s ongoing legal battle with the SEC. Despite this structure, the ETF’s debut correlated with heightened spot market activity, suggesting renewed confidence.
Network Growth Signals User Expansion
XRP’s network reached a record 6.26 million addresses holding the token, per data from Glassnode analyst. Glassnode figures show steady growth since late 2024, with active wallets climbing even during price swings.
On April 7, addresses totaled 6,255,795 as XRP traded at $1.90, indicating accumulation during dips.
Exchange data supports this trend
Net outflows from platforms like Binance and Coinbase dominated since mid-January 2025, signaling users are moving XRP to private wallets—a pattern often linked to long-term holding.
The SEC recently dismissed an emergency motion by third-party Justin W. Keener to submit evidence in the Ripple case, citing procedural grounds. While the case continues, the decision removes a potential distraction, allowing focus on core arguments. Ripple’s partial victory in 2023, which ruled XRP isn’t a security in retail sales, remains intact.
XRP’s price must sustain above $2.00 to confirm bullish momentum. Resistance looms near $2.20, a level last tested in March. Support at $1.90 aligns with recent accumulation zones, suggesting buyers may defend this floor.
The ETF’s impact extends beyond price
By bridging traditional finance and crypto, it could attract institutional capital wary of direct token exposure. However, regulatory clarity remains pivotal. Until the SEC case concludes, XRP’s classification risk lingers.
XRP’s rebound reflects optimism but faces headwinds. Broader market sentiment, Ripple’s legal progress, and ETF inflows will dictate its path. For now, the address growth and accumulation patterns suggest holders are betting on utility-driven demand, particularly in cross-border payments.
XRP (Ripple) is currently trading at $2.03 USD, having experienced a -2.64% decline over the past 24 hours and a -11.37% drop in the past 7 days. These losses come amid a broader downturn in the crypto market, with many large-cap coins showing similar retracements.
Despite this pullback, XRP remains the fourth-largest cryptocurrency by market cap, valued at over $106.6 billion, and continues to display robust trading activity with more than $5.8 billion in daily volume.
From a technical perspective, XRP appears to be holding near a short-term support zone around the $1.80 mark. This level has historically acted as both a resistance and support zone in recent price cycles, making it a critical point for potential reversals.
If bulls manage to defend this level and drive buying volume, XRP could recover some of the ground lost during the recent correction. On the flip side, a failure to maintain this support could open the door to a deeper drop toward $1.60.
Considering the current price action, market sentiment, and volume structure, my forecast is that XRP could rebound to approximately $2.15 USD within the next 10 days, assuming the support around $1.80 holds and broader market conditions begin to stabilize.
