Legal expert Bill Morgan has publicly advised investors to buy more XRP, citing robust on-chain data that supports a fundamental investment case. The XRP Ledger has reached a historic milestone of 7.7 million non-empty wallets, its highest ever. Network activity and asset tokenization are also showing significant growth, with metrics like active addresses and transaction volume recently surging.
Legal expert Bill Morgan has advised market participants to accumulate more XRP based on strengthening on-chain fundamentals. This call coincides with the XRP Ledger achieving a new record of 7.7 million non-empty wallets for the first time.
Data analysis shared by a crypto commentator highlights a recent spike in network activity. Active addresses hit 46,767 on March 16, their highest level in over a month, correlating with a 14% price increase over the following two days.
The ledger has processed nearly 3 million daily transactions, demonstrating consistent use. Furthermore, the value of tokenized commodities on the network has grown substantially from $111 million to $1.14 billion.
This growth gives XRP over 15% of the global tokenized commodities market. Automated market maker pools on the network have also increased to approximately 27,000, providing deeper liquidity.
In response to the detailed on-chain metrics, Bill Morgan stated a clear position: “My reaction is buy more XRP at the right price.” This frames the accumulation as a valuation-based strategy rather than speculative trading. The presented data excludes dormant accounts, focusing solely on wallets with active balances and engagement.
