Analyst Amonyx shared data on the growth of XRP addresses, which have reached 7.1 million. This growth occurred alongside increasing token prices.
Growth Dynamics of XRP Wallets
The latest report by analyst Amonyx shows that as of May 17, 2025, the number of XRP addresses has reached 7,129,189. This growth was highlighted in a post on platform X, where Amonyx characterized it as a bullish development.
Correlation Between Price and Wallet Count
The chart illustrates that while XRP's price has experienced various cycles of volatility, the wallet count growth has remained consistent. Even during periods of price stagnation or decline, new address creation did not cease. This long-term trend suggests deepening user interest, regardless of short-term market sentiment.
Activity in the XRP Ecosystem
The increasing wallet count aligns with significant engagement in the ecosystem. XRP recently achieved a milestone, burning over 14 million tokens. This reduction in supply may lead to price increases as adoption grows.
These correlations between wallet growth and activity suggest a healthy and expanding XRP ecosystem, potentially foretelling future price movements.
