XRP is attracting attention as network participation reaches a new milestone, with non-empty wallets reportedly climbing to an all-time high of 8.24 million. The development comes as crypto analyst EGRAG CRYPTO outlines a potential rally for the XRP price toward $17 by April 2027, using a customized historical fractal based on the 2017–2018 market cycle. While growing wallet numbers provide a positive network signal, XRP’s ability to reclaim key resistance levels will remain important to the analyst’s bullish scenario.
XRP Ledger Wallet Growth Reaches a New Milestone
According to BankXRP, the XRP Ledger has reached 8.24 million non-empty wallets, setting a new all-time high. The network reportedly added 4,772 wallets in a single day, indicating continued participation despite cryptocurrency market volatility.
The milestone highlights the expansion of XRP Ledger addresses holding a balance. However, wallet growth does not automatically translate into increased buying pressure, as one individual can control multiple addresses and existing holders may not actively trade.
Source: BankXRP’s X Post
Further confirmation could come from transaction activity, exchange flows, and trading volume. These metrics would help determine whether the increase in wallet participation is accompanied by stronger network usage and market demand.
XRP Price Prediction Targets $16.87 by April 2027
Crypto analyst EGRAG CRYPTO has presented a long-term XRP price projection based on a customized version of the 2017–2018 market fractal. The analyst adjusted the historical pattern to align with XRP’s current price action, structure, and timing.
The projection identifies three potential upside targets: $5.46, $10.10, and $16.87. The final level forms the basis of the analyst’s $17 outlook for April 2027.
Source: EGRAG CRYPTO’s X Post
However, the prediction is a hypothesis rather than a definite forecast. Previous price behavior could give some perspective on future movements in the market, but it does not mean that a previous pattern will repeat itself under new market circumstances.
XRP Technical Analysis Highlights $1.65 Resistance
The three-day Heikin Ashi chart from EGRAG CRYPTO shows a number of price points where future movements of XRP may be impacted.
It should be noted that $0.98 is the macro floor, whereas $1.07 is considered deep support. $1.26 is a bullish pivot, and $1.65 is the major breakout point.
A breakout above the resistance level of $1.65 will enhance the bullish technical set-up and shift attention to the analyst’s upside targets. In contrast, a sustained break below the support level of $0.98 will put pressure on the fractal and undermine the expected reversal.
The other pattern the analyst is looking out for is the green Heikin Ashi candles as a signal of momentum coming back. However, this will need more than just the colors of the candles; price action will also need to be sustained.
Wallet Expansion Supports XRP’s Long-Term Outlook
This milestone reported in the wallet further sheds more light on the market performance of the XRP. The ongoing growth in the number of non-empty wallets could signify increased participation in the market, but it does not confirm that the new participants are holding XRP tokens.
However, for this positive expectation to hold any water, investors will have to see growth coupled with increased activity levels.
EGRAG CRYPTO also made a distinction between long-term spot holdings and leveraged trading, stressing the importance of proper risk management in leveraged positions. The analyst admits that the expected $17 price is by no means certain, and any breakout below $0.98 will put the trade into difficulty.
What Comes Next for XRP?
XRP’s previous record number of wallets is a good sign for network development, and fractals of EGRAG CRYPTO indicate the possible route to $16.87 in April 2027. Still, it is worth noting that the upcoming rally relies on the asset holding vital levels and breaking out the $1.65 resistance. The increase in the number of wallets and network activity will matter in this regard.
Also Read: XRP Price Eyes Powerful $1.49 Breakout as Ripple Joins DTCC
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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