On Monday, XRP marked a significant achievement that garnered considerable attention within the cryptocurrency community. The XRP fanbase is filled with enthusiasm as the asset temporarily climbs the market ranks, showcasing its strong presence as a prominent cryptocurrency in the industry.
Increasing Holder Count Fuels XRP’s Ascend
Undoubtedly, XRP is among the top-performing digital currencies alongside Bitcoin during the current bullish market phase. Following a swift surge yesterday, Santiment, an analytics and on-chain data provider, noted that the altcoin rose to third place in terms of market capitalization among cryptocurrencies.
The altcoin overtook Tether (USDT), which had maintained its position for a long time, to secure a spot in the top three, highlighting the momentum of its recent gains. Although XRP later fell back to fourth, regaining a top three position underscores the heightened interest and attention towards the asset.
At the time of the observation, the altcoin’s price surpassed $2.61, hitting its peak for the month. Santiment highlighted several factors attributing to this remarkable upward movement towards the top three cryptocurrency positions and pushing the asset toward essential resistance levels.
One significant factor pointed out by the analytics platform is the US House Bill 594, which proposes making Missouri the first state in the US to offer a full income tax deduction on all capital gains, including those generated from Bitcoin and XRP.
Another critical element mentioned by Santiment is the recent endorsement of XRP by Travala as a payment method, further enhancing its utility as a functional cryptocurrency. This acceptance also hints at XRP’s potential as a long-term investment vehicle.
Notable Increase in Active Wallets Amid Price Growth
Finally, Santiment observed that the altcoin’s recent temporary rise to third place in the crypto space was supported by a significant growth in active wallet addresses. Data reveals that since the onset of 2025, over 638,000 non-empty wallets have been created on the network.
This uptick in wallets represents an increase of more than 11% for 2025 thus far. As a result, XRP’s total number of holders is nearing 6.5 million for the first time in over a decade of the network’s existence, following the addition of these new addresses.
This increase, which aligns with rising prices, indicates a surge in network activity and investor interest, suggesting an emerging phase of asset adoption. In a highly competitive and fast-evolving market, the expanding wallet network could provide the essential backing needed for the asset to sustain its upward trend amid growing retail and institutional demand.
As of this writing, XRP was valued at $2.49, reflecting an almost 4% increase over the previous 24 hours. Investor sentiment has shifted strongly towards bullish, with trading volumes surging over 179% in the last day.
