The number of XRP addresses has hit a record high amid the recent turmoil in the crypto market in the aftermath of President Donald Trump's tariff war .
Even as XRP is struggling to reclaim the price level of $2, addresses holding at least 1 token have hit a record high of 6.26 million, crypto analyst Ali Martinez noted on X (formerly Twitter).
The accumulation suggests that traders are convinced of the potential value appreciation in XRP in the long run even as the market remains extremely volatile.
There is another piece of positive news for the XRP community.
The first-ever XRP exchange-traded fund (ETF) debuted in the U.S. on Apr. 8.
A crypto ETF is traded on stock exchanges and gives investors exposure to cryptocurrencies without the need for them to directly own or trade the underlying assets themselves.
Launched by Vermont-based Teucrium Investment Advisors, the Teucrium 2x Long Daily XRP ETF (XXRP) gives a 2 times leveraged exposure to XRP by using swap agreements.
On its first day on the NYSE Arca, XXRP recorded a trading volume of $5.43 million.
Senior ETF analyst Eric Balchunas called the fund's performance "very respectable," given the market conditions. He put it among the top 5% of new ETF launches.
Note that XRP is expected to be included in the U.S. crypto stockpile as perTrump's executive order . Ripple's years-long legal case with the federal securities regulator is nearly over.
However, XRP has failed to reclaim the price level of $2 over the past two days. The token was trading at $1.79 at press time, as per Kraken's price feeds .
