XRP has surged 62.49% in the past year, with over 5 million XRP wallets holding nearly 60 billion XRP tokens, and only 1,595 wallets having a zero balance.
XRP, one of the top 10 largest cryptocurrencies by market capitalization, has achieved a significant milestone, with a colossal figure of 5 million wallets holding nearly 60 billion XRP tokens in the context of the growing digital asset market.
According to the latest data provided by XRPL service, there are currently 5,091,129 wallets holding 59.879 billion XRP tokens. On the other hand, there are 1,595 wallets with a zero balance.
The data shows a significant increase in the adoption of XRP following a US judge’s ruling in 2023 that XRP is not a security when sold to retail investors.
However, the token is considered a security when sold to institutional investors, according to Judge Analisa Torres.
According to data from Coinmarketcap, at the time of writing, XRP is trading at $0.626, having increased 5.56% in the past week and a remarkable 62.49% in the past year. However, the coin has performed poorly compared to other tokens like Solana (SOL), which has risen 641% in the past year.
Notably, many analysts have predicted a price increase for XRP. Recently, a cryptocurrency trader called CoinsKid claimed that XRP is preparing for a price surge while presenting a “peak theory.”
CoinsKid stated that there is a high possibility that XRP will skyrocket to $2 in July. Additionally, talks have also been held regarding an XRP ETF trading fund, following the approval of 11 Bitcoin ETFs for physical settlement in the US.
In an interview with Bloomberg TV, Ripple CEO Brad Garlinghouse said he is open to accepting an XRP ETF for physical settlement, adding that it would legitimize the position of cryptocurrency in the traditional financial world.
