XRP has lost nearly 49% of its value since Q4 2025, yet wallet growth on the XRP Ledger has kept moving higher. The asset fell from roughly $2.84–$3.10 to around $1.43–$1.44, while total ledger accounts climbed to 7,576,446. Since the network crossed 7 million wallets in September 2025, it has added 526,446 new addresses.
Price weakness has stretched across several months
The decline has unfolded during a broader crypto market selloff. According to the source material, the total crypto market has shed $1.43 trillion in value since October 2025. XRP started Q4 2025 near $2.84, briefly reached $3.1, and then fell 11.89% in October 2025. The article also points to the “10/10 market crash,” which erased $1.27 from the token in a single shock event. XRP now trades near $1.44, logging four straight monthly red candles and nearing a fifth, a pattern the report says has not appeared since 2016.
Wallet creation kept rising while price retreated
On-chain activity tells a different story. Data cited from the community-run XRP Rich List shows that since September 2025, the ledger has expanded from just over 7 million wallets to 7,576,446. That is an increase of 526,446 addresses in less than five months.
Most daily account additions ranged from 2,500 to 5,000, but there were larger bursts. The ledger added 9,900 wallets on Oct. 30, 11,242 on Nov. 2, and a record 13,300 on Nov. 11. The source describes that last figure as the biggest single-day increase in the network’s history. Price action remained weak. Participation did not stop.
Growth has cooled from the previous cycle
The pace is slower than in the prior stretch. From October 2024 to February 2025, XRP wallets rose from 5,330,427 to 6,105,025, an increase of 774,598 in under five months. That earlier expansion outpaced the current one. Even so, adding more than half a million wallets during a drawdown suggests that network demand has not disappeared.
The source also lists current market benchmarks. Bitcoin trades near $71,200, with a 24-hour range of about $71,100 to $76,700 and roughly $50.3 billion in spot turnover. Ethereum changes hands around $2,100, down more than 7% on the day, with about $49 billion in 24-hour volume and a market capitalization near $252 billion. XRP sits close to $1.43, down more than 10% over 24 hours, alongside about $2.14 billion in spot volume and $8.19 billion in derivatives flow.
The main signal in the data is the gap itself: XRP price has been falling faster than network participation. One side is still contracting sharply, the other is still expanding. That divergence is now one of the clearest features of the XRP market.