XRP Ledger's number of funded wallets reached an all-time high of 8.24 million on October 23, 2026, underscoring continued network adoption even as price action weakened.
Despite the milestone, XRP has fallen roughly 17% over the past month. Market observers point to increased whale deposits to exchanges and cooling demand for XRP-related exchange-traded funds as key sources of selling pressure.
The divergence between rising wallet creation and falling price suggests that while retail or on-chain participation is expanding, it has not been enough to absorb larger liquidations or offset weakening institutional flows.
