The XRP Ledger Foundation announced this week that the network has crossed 8 million activated accounts. XRP wallet counts have exceeded 8 million before, but those totals included every wallet ever created, including ones that no longer exist. The new count only includes accounts that are live and funded today, which makes this the first time the ledger has had 8 million funded wallets at the same time.
Despite the milestone, XRP (CRYPTO:XRP) trades roughly 70% below the $3.65 peak it reached last July, and daily activity on the ledger is near its lowest of the year.
What Counts as an Activated Account on the XRP Ledger?
The XRP Ledger doesn’t let anyone open an account for free. Before an account exists on the network, it has to receive a minimum reserve of 1 XRP, and that XRP stays locked for as long as the account exists. The rule is there to stop spam, since creating millions of junk wallets would cost money, but it also means every one of those 8 million accounts required someone to buy XRP first.
Moreover, activated status is about the balance rather than what the account does afterwards. A wallet that transacts every day and one that hasn’t moved since 2018 count exactly the same. However, deleted accounts drop out of the number entirely, and that is what separates this milestone from the 8 million wallet counts reported before.
The ledger crossed 7 million activated accounts last September and needed about ten months to add the eighth million, right through one of the roughest markets XRP has ever traded in.
Every one of those accounts has at least 1 XRP locked inside it, so 8 million accounts means at least 8 million XRP that nobody can sell. Less XRP available to sell would normally support the price, but 8 million XRP is roughly 0.01% of all the XRP in circulation, worth about $9 million against a token valued near $70 billion.
XRP Wallet Growth Has Dropped to Half Last Year’s Pace
In the third quarter of 2025, the XRP Ledger added roughly 4,800 new wallets a day. That dropped to about 4,000 by the end of the year, then to around 3,000 through the first quarter of 2026. Since March, the average has been about 2,300 a day, which is less than half of what it was last summer.
New wallets usually arrive when the price is climbing, because that’s when people hear about a coin and buy in. Last summer, XRP was climbing toward $3.65 and new users poured in. This year, the cryptocurrency has spent most of its time falling and is now trading near $1, and new users stopped coming.
By this point last year, the ledger had added more than 862,000 accounts since New Year. This year, it has added about 534,000. So, the ledger still added its eighth million, but it did it with roughly a third fewer new wallets than last year.
Moreover, the accounts that already exist are barely being used. Daily active addresses fell to 25,350 earlier this month, which marks one of the network’s lowest readings of the year, and they have drifted lower since.
Eight million accounts also doesn’t mean eight million people. A single exchange address can hold XRP for millions of customers, and one person can run several wallets. That number counts wallets that are funded, not wallets that are busy. Only about 25,000 of those 8 million did anything at all this month.
AI Agents Are Opening XRP Ledger Accounts Regardless of the Price
The more interesting question now is who the new accounts belong to, because strangely, the answer isn’t people. In June, the XRP Ledger was added to a payment standard called x402, which lets AI agents, the software that pays for data, tools, and online services on its own, pay for what they need without a human involved. Agents passed a million payments on the ledger in about a month. Every one of them needs its own activated account, with its own 1 XRP locked, before it can pay for anything.
An agent paying a fraction of a cent for an API call has no view on whether XRP costs $1 or $3. It opens an account because it has a job to do, and that makes agents the first source of account growth in the ledger’s history that doesn’t need the coin’s price to rise.
Ripple released an AI starter kit for the ledger in June, Mastercard named the company a launch partner for its agent-payments network, and a dedicated XRPL AI Hub went live in early July. A million payments is still small, but this is new.
Even so, more agent accounts wouldn’t impact the XRP price. The XRP Ledger burns the fees it charges rather than paying them to anyone, so every transaction destroys a tiny amount of XRP forever. That sounds like it should make the coin scarcer over time, but the amounts are so small they barely register against XRP’s supply.
What would reach the XRP price is demand for the coin itself, and that means agents holding working balances of XRP to spend, or tokenized assets settling in it.
What 8 Million Accounts Means for the XRP Price
8 million accounts says more about the network’s health than about the XRP price. A network that kept adding users through its worst year since 2022 clearly isn’t slowing down, and that’s worth something. But new wallets have halved because the XRP price keeps falling, and 25,000 daily users out of 8 million accounts won’t really impact a $70 billion token much.
That said, if AI agents keep opening accounts to do their jobs, the ledger would grow for the first time without needing a rally to bring people in. That still wouldn’t move the XRP price much, but it would mean the account number is finally measuring how much the ledger gets used instead of how much XRP costs.
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