XRP Showing Network Growth Despite Bearish Price Activity

Despite the ongoing bearish XRP price action, non-empty wallets on the XRP Ledger have continued to increase amid persistent network growth.

XRP has been on a downward path in the last week. Specifically, the price started at about $3.08 on October 3 but has since dropped to $2.82 at press time. However, as the selling pressure persists, XRP wallets have continued to increase, a particularly positive sign.

Non-empty Wallets Are Surging

Data shared by Santiment on X confirms this. Notably, Santiment found that non-empty XRP wallets recently hit a peak of 7.1 million. This trend often signals improved activity and adoption within a blockchain network. 

XRP Fifth Among Most Growing Wallets

However, compared to other cryptocurrencies, XRP is just fifth among the top-cap assets in terms of non-empty wallets, trailing behind Ethereum, Bitcoin, Tether, and Dogecoin. 

While it maintains a solid position with 7.1 million wallets, it lags significantly behind Ethereum’s 160.36 million and Bitcoin’s 56.91 million. This gap suggests that while XRP is growing steadily, it hasn’t experienced the same explosive adoption seen in these leading assets.

Tether (USDT) ranks third with 8.93 million non-empty wallets, reflecting its crucial role as a stablecoin in the crypto market. Dogecoin (DOGE), with 8.1 million non-empty wallets, follows closely behind Tether in fourth place. 

Next on, Cardano (ADA) has 4.5 million non-empty wallets. USD Coin (USDC) follows with 4 million non-empty wallets. Ultimately, Chainlink (LINK) ranks last on the list with 802.5K non-empty wallets.

XRP Tops Search Rankings

XRP’s growing adoption is not only visible on wallet growth, but also in search rankings. Just a day ago, a report by The Crypto Basic showed how the fifth-largest crypto by market cap topped search rankings, beating the likes of Bitcoin and BNB.

The data, shared by community figure Moonkie, reveals that XRP has surged to the top spot as the most searched crypto, with a total of 32,000 searches. 

In comparison, Bitcoin recorded 26,000 searches, securing the second position, while BNB and Ethereum followed with 22,000 and 18,000 searches, respectively. This trend highlights XRP’s increasing visibility and growing attention among crypto enthusiasts.

The post XRP Showing Network Growth Despite Bearish Price Activity first appeared on The Crypto Basic.