The number of large addresses on the chain continues to increase when XRP returns to the vicinity of $1. The data cited by Santiago show that in the past three months, the number of addresses holding at least 1 million XRP has increased from approximately 2006 to 2038, while the market value of XRP has declined by about 29 per cent over the same period, indicating that price movements have not been synchronized with the distribution of addresses.

Millions of addresses increased to 2038

At current prices of approximately $1 million, the carrying value of 1 million XRPs is approximately $1 million, so such addresses are high-balance accounts in the XRP network. However, the increase in the number of addresses does not amount to the addition of 32 large households.

An investor can control multiple addresses and an exchange, a trustee and an institutional investor may manage multiple groups of addresses. The addition of addresses may also result from warehousing, internal transfers or hosting restructuring, not necessarily representing new purchases.

It's over 70%.

XRP rose to approximately $3.66 in July 2025. By August 2026, prices had fallen by more than 70 per cent. On 11 August, the XRP briefly fell to $1 with a minimum touch of about $0.99 and then recovered.

The fact that millions of addresses have not been significantly reduced in the face of continuing price pressures suggests that large accounts have not left the market on a large scale. This does not, however, provide a direct indication that the price is already at the bottom or that the addresses are currently in a profitable state.

XRP Ledger's activity continues to rise.

In addition to the address distribution, XRP Ledger's chain activity also increased. It was reported that on 5 August, the Network processed more than 2.8 million transactions, an increase of about 86 per cent over the previous week and more than 81 per cent over the average of 30 days; the number of active accounts also increased by more than 5 per cent over the previous month.

This means that token prices are not always synchronized with the use of bottom networks. Even if the prices of the XRP are weak, chain trading and account activity may continue to rise, and such data are more appropriate as a supporting indicator of the use of the network and the distribution of funds.

Ripple advanced the institutional layout

At the ecological level, Ripple is also promoting the institutional infrastructure of XRP Ledger. The report mentions that Ripple announced strategic investments in Zillow and Liquidnet in early August 2026, with the goal of introducing regulated fund infrastructure, monetized assets, distribution and collateral functions into XRP Ledger.

At the same time, Ripple is expanding the RLUD-related tools. The company is advancing Ripple Mint, which provides the agency with an interface with API for casting, foreclosing and managing RLSD. It was reported that stable currency, monetized assets, payments, settlements and liquidity may in the future operate in the same set of infrastructure, XRP or play a role in the settlement and liquidity chain.