XRP is trading near $1.35 after a recent bounce, while on-chain data shows the network has now passed 8 million total addresses. Wallet growth has continued in early 2026, though the token remains down on a year-to-date basis.
XRP Addresses Rise as Price Remains Under Pressure
CryptoQuant data shows XRP addresses increased from 7.9 million at the start of 2026 to nearly 8.2 million on April 6. Growth in wallet activity has continued even as price action remains uneven. The latest milestone adds to signs that the network is still expanding.
Even so, XRP is down more than 26% since the beginning of the year. At $1.35, the token remains below levels seen earlier in 2026. Recent market activity shows address growth has not translated into a broader price recovery.
The gap between adoption data and market performance remains clear. XRP has continued to move largely with the wider crypto market, where sentiment and macro conditions have shaped short-term price action. Network growth has stayed steady, but price direction has remained less clear.
XRP climbed about 5% over the last 24 hours and returned to the $1.35 level. The move came during a broader market rebound that also pushed Bitcoin and total crypto market capitalization higher. Improved risk appetite helped lift digital assets across the board.
Trading activity also accelerated during the recovery. XRP volume rose 72% as the token bounced from a seven-day low near $1.28. Higher activity around the rebound showed stronger participation as the price moved back toward resistance.
The $1.35 area now sits at the center of the near-term chart. Market data places it near a key Fibonacci retracement level, while support is seen around $1.28. A close above $1.35 would bring $1.40 into view, while the US CPI report due on April 10 remains a major event for broader market sentiment.
On-chain data cited in market coverage shows whale accumulation has reached a 10-month high. More than 11 million XRP have reportedly been bought per day by large holders. Accumulation at that pace has drawn attention while XRP continues to trade in a tight range.
Ripple executives have also arrived in Japan ahead of XRP Tokyo 2026, scheduled for April 7 and hosted by XRPL Japan.
The event is expected to focus on institutional adoption, real-world asset tokenization, and decentralized finance. It is one of the main XRP-related events on the calendar this week.
Net inflows into spot XRP ETFs have topped $41 million in 2026. Even with those inflows, XRP remains nearly 40% lower over the past year. Price action is still centered near $1.35, while traders continue to watch $1.50 as the next major resistance level before any move toward $2.
Also Read: XRP Price Prediction for 2026: Can it Beat the $80B Market Cap Barrier?