Legal analyst Bill Morgan has a simple, blunt message for investors: buy more XRP — but be selective on price. That recommendation is getting fresh backing from on-chain data, which shows some of the strongest adoption signals for the XRP Ledger all year.
Key on-chain milestones
- Non-empty wallets: The ledger just surpassed 7.7 million non-empty wallets for the first time — a clear signal that growth reflects active holders, not dormant addresses.
- Active addresses: On March 16, active addresses spiked to 46,767, the highest level since Feb. 12.
- Transaction activity: Daily transactions were pushed toward 3 million in a single week, underscoring steady network usage across multiple use cases.
- Tokenized commodities: Tokenized commodity holdings on the ledger jumped from $111 million to $1.14 billion in 2026, giving XRP more than 15% share of the global tokenized commodities market.
- DeFi liquidity: Automated market maker (AMM) pools have grown to roughly 27,000, helping deepen liquidity across XRP’s decentralized finance stack.
The data came into focus after Evernorth shared a detailed XRP Ledger breakdown on X, drawing attention from major market participants. Legal commentator Bill Morgan responded directly: “My reaction is buy more XRP at the right price.”
Why the numbers matter
Crypto analyst Pumpius (@pumpius) tied the March 16 rise in active addresses to a market effect: the on-chain uptick helped trigger a roughly 14% price rally over 48 hours, pushing XRP above $1.60. That correlation between activity and price strengthens the argument for a fundamentals-driven accumulation strategy rather than pure sentiment trading.
Importantly, the wallet count excludes dormant accounts — the 7.7 million figure represents non-empty, active wallets, making it a more precise gauge of real engagement on the network.
What investors should take away
Morgan’s approach emphasizes valuation-based accumulation: increase exposure when prices align with value, not indiscriminately. The current mix of rising holder counts, higher transaction volumes, significant tokenization activity, and expanding DeFi infrastructure provides tangible, measurable reasons to consider that strategy for XRP now.
Bottom line: on-chain adoption metrics are flashing green across several fronts, supporting the case for accumulation “at the right price.” For traders and long-term investors alike, the expanding foundations of network usage and real-world asset tokenization are worth factoring into any XRP thesis.
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