XRP Ledger Hits 7.7 Million Holders, Analysts Warn of Struggles Ahead

The XRP Ledger has surpassed 7.7 million holders for the first time in its 13-year history, indicating increasing user participation. However, analysts warn that XRP's price may not have long-term growth potential, despite recent positive developments such as regulatory clarity and institutional products. Heavy short liquidations and rising leverage ratios suggest bullish sentiment in derivatives markets, but the token's price remains significantly below its historical highs.