XRP Is Back in the Headlines for 2024 as It Hits a New Historic Milestone

Shortly before press time, data from the analytics service Santiment showed that after reaching the figure of 638,000, the XRP network has broken a new record

The XRP token has been making headlines again as it hits a new historic milestone in 2025.

Shortly before press time, data from the analytics service Santiment showed that after reaching the figure of 638,000, the XRP network has broken a new record, surpassing 6.5 million non-empty wallets for the first time in 12 years.

Source: X @ CryptoWorld_

This is a strong wave of either adoption or interest in the token. 638,000 new wallets have been added since the beginning of the year, which is an increase of 11% to the total number of wallets.

The growth trend, presented in a chart shared by CryptoWorld, depicts a drastic upward movement, which indicates expanding participation of users and an increasing token accumulation during this period.

XRP Recognized As Important Diversification Asset

What’s more important is that this influx in XRP wallets is not only driven by retail investors but also by the more sophisticated forces of the world of finance. In a report, WisdomTree, a global asset management firm, identified XRP as the only altcoin that is appropriate for pairing with a Bitcoin investment strategy.

The report authored by WisdomTree’s Director of Digital Assets Research, Dovile, claims that the Ripple (CRYPTO: XRP)-associated token can be an addition for portfolio diversification with Bitcoin. It explains that although Bitcoin continues to be the flagship Layer-1 cryptocurrency, XRP is now beginning to be recognised for its unique utility in the Layer-1 space.

Only XRP Is Included with Bitcoin in the Taxonomy Classification

The report continues to mention that their Digital Asset Taxonomy made it possible to classify this coin as an altcoin that could “sit alongside Bitcoin,” unlike other altcoins.

Other digital assets such as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) were also within the taxonomy but were placed in Layer-1 smart contract networks, while the Ripple-associated token was the only altcoin that featured alongside Bitcoin in Layer-1 payments. This places XRP in a very unique situation not only in terms of technology but also investment innovation.

This increasing awareness is quietly prompting institutional and smart investors to build up their positions in the Ripple-associated token while the public and media glare is primarily directed toward Bitcoin ETFs. Even staunch supporters of Bitcoin (known widely as Bitcoin maxis) are now stockpiling XRP as its relevance hits new heights.

IOTA Price Surges 90% After Reaching Crucial Level In Bear Market, Can It Hit $1 From Here?