The XRP Ledger has achieved a major milestone as the number of its holders exceeded 7.7 million for the first time in its 13-year history.
According to data provided by Santiment, the XRP Ledger is experiencing substantial growth in user adoption, as indicated by the increase in the number of active wallets.
The XRP Ledger was launched in 2012 with the aim of providing a decentralized payment system that enables fast and cheap cross-border payments. The increase in the number of users using the XRP Ledger is a positive indication of the long-term adoption of the blockchain.
In addition to this surge in the number of users using the XRP Ledger, the token is also experiencing a surge in its value. As of March 17, 2026, the XRP value increased by 14% in just 48 hours as its value rose above $1.60 for the first time in the last few weeks. At the time of writing, the XRP value is at $1.51.
This indicates a 2.56% increase in the value of XRP in the last day. Although XRP lost 3.8% in value in the last month, it is also experiencing a remarkable increase in value, as indicated by its 10% increase in value in the last week.
The significant rise in the value of XRP also comes as the XRP Ledger is experiencing increased activity. According to Santiment, on Monday, there were as many as 46,767 active addresses on the XRP Ledger. This is the highest in the last five weeks. This indicates that there is more to the rise in XRP’s value than mere speculation.
The update to version 3.1.2 of the XRP Ledger may have also helped in the rise in value, as it contains critical security patches.
Also Read: Could a New XRP ETF Launch Trigger the Next Price Rally?
The technical analysis for XRP indicates that the token’s value is likely to be affected in two ways in the coming days. The Relative Strength Index for XRP is at 41.99. This indicates that the sentiment for XRP is neutral, as the token is neither overbought nor oversold.
The Average Directional Index for XRP is at 31.49. This indicates that a strong trend is in place for XRP’s value, and it is likely to rise or fall in the coming days.
The recent rise in XRP’s value has placed the token in a critical position. The $1.47 resistance level for XRP is seen at the upper Bollinger Band. This is a critical level for XRP, and if the token is able to maintain its value above this level, it is likely to rise further and test the $1.60 level.
However, if XRP fails to maintain its value above this level and falls below the $1.32 support level, it is likely to turn bearish in the coming days.