XRP Surpasses 7.8 Million Holders, Analysts Eye Potential Price Movement

XRP's holder count continues to grow at a rapid pace, reaching new milestones in recent weeks. As the cryptocurrency landscape evolves, XRP is holding strong with a significant number of wallet holders.

According to data from Santiment, major cryptocurrencies are seeing rising wallet counts across the board, with Bitcoin approaching 60 million wallets and Ethereum nearing 190 million. This growth places XRP ahead of competitors such as Cardano (ADA) and Dogecoin (DOGE), solidifying its position in the market.

Analysts are taking note of XRP's chart patterns, which may indicate a potential price eruption. Ali Charts reported that XRP's chart is developing underlying multi-year triangular patterns, suggesting a potential downside floor of around $0.90 in an aggressive bearish cycle. However, higher breakout targets reaching $13 and above during cyclical times are also possible.

Agrag Crypto emphasized XRP's broader macro structure, suggesting that the asset may already be transitioning from consolidation into a new expansion phase. The analyst noted that XRP recently broke out of a multi-year compression range, which had persisted since 2018. With XRP holding above a crucial support zone around $73–74 billion, analysts are cautiously optimistic about its future price movements.