Recent on-chain data indicates that XRP has surpassed 6 million holders, marking a significant milestone in its adoption.
This growth is primarily driven by retail investors, with approximately 4.34 million wallets holding less than 100 XRP tokens, accounting for about 71.5% of the total user base.
In addition to the increase in holders, the XRP Ledger (XRPL) has experienced a surge in activity.
The decentralized exchange (DEX) volume on XRPL exceeded $1 billion in the fourth quarter of 2024, a substantial rise from $63.4 million in the previous quarter.
This increase is largely attributed to the Automated Market Maker (AMM) feature introduced in March 2024, which saw swap volumes jump from $31.23 million in Q3 to $774.15 million in Q4.
These developments reflect a growing confidence and participation in the XRP ecosystem, particularly among retail investors.
XRP (XRP) is a crypto in the CRYPTO market. The price is 2.69 USD currently with a change of -0.30000 (-0.10033%) from the previous close. The intraday high is 2.99 USD and the intraday low is 2.69 USD.
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