XRP started 2025 with erratic price fluctuations, but wallet growth remains a key indicator of strong long-term confidence in the project.
Wallet Growth as an Interest Indicator
Despite price volatility, the growth of wallets on the XRP Ledger remains stable. Since the beginning of the year, 58,000 new wallets have appeared on the platform, indicating a consistent influx of users. While Ethereum attracted 645,000 new wallets and Bitcoin 102,000, XRP's growth surpasses major cryptocurrencies like Dogecoin and Cardano.
Current XRP Consolidation Phase
Technically, XRP is in a triangle-shaped consolidation phase. The critical resistance level is $2.50, while important support levels are $2.20 and $2.00. If XRP fails to hold $2.20, lower levels may be tested, whereas a breakout above $2.50 could lead to fresh bullish momentum.
Long-Term Prospects and Community Confidence
The growing wallet count shows that the XRP community is robust and continues to expand. This growth might eventually lead to increased network activity and usefulness, which is more important for long-term investors than transient price changes.
The stable increase in wallet numbers suggests that XRP maintains long-term appeal and growth potential despite current market volatility.
