XRP Trading Volume Reaches $3.86 Billion Amid Network Growth to Over 8 Million Wallets

On April 7, 2026, XRP traded around $1.32 within a narrow range of $1.30 to $1.35, despite recording $3.86 billion in 24-hour trading volume. The XRP Ledger surpassed 8.1 million wallets, indicating network growth continues even as the price remains more than 60% below its mid-2025 peak of approximately $3.65. Of the total volume, $3.26 billion came from futures markets and $605 million from spot trading, with open interest climbing to around $2.48 billion. Major exchanges like Binance, Upbit, and Coinbase led the activity. Only about 43% of XRP's circulating supply is currently in profit, suggesting a potential accumulation phase where stronger hands are buying from weaker sellers. The divergence between rising activity and stable price has sparked debate within the XRP community, with some viewing volume as a precursor to price movement. Retail users dominate the wallet growth, with most accounts holding small balances, contributing to a decentralized ecosystem. Broader crypto market conditions, including macro uncertainty and Bitcoin's dominance, influence capital flows, creating a temporary disconnect between fundamentals and price performance.