XRP Ledger Activity Surges as Whale Accumulation Hits New Highs

There’s been a noticeable uptick in XRP Ledger activity lately, marked by more frequent transactions and greater participation from prominent holders. The count of daily active addresses has jumped to figures not recorded for several months, pointing to a rekindled community interest.

Additionally, wallets containing more than a million XRP have set a new record, signaling rising confidence from influential investors. These combined trends point to a quietly strengthening XRPL, gearing up for a more prominent role ahead.

Strong Rise in XRP Ledger Usage

Data from blockchain analytics provider Santiment reveals a near sevenfold increase in daily interacting XRP addresses within just seven days. The average monthly active addresses remained near 35,000 to 40,000 for a while, before shooting up dramatically to 295,000. This spike reflects genuine user interest and a marked rise in the number of transactions happening.

This kind of rise usually matches a boost in adoption and active use, indicating the network is expanding beyond mere speculation. When more people engage with the ledger, it suggests wider acceptance and possibly more practical applications. Although a quick spike might sometimes show temporary market hype, continuous activity over several days signals stronger, fundamental growth in how the network is used.

Growing Amount of Whale Wallets Signals Confidence

Equally notable is the milestone reached on the accumulation front. For the first time in more than ten years, the XRP Ledger has surpassed 2,700 wallets holding a minimum of one million XRP tokens each. This increase in large wallets is commonly seen as a signal of growing trust from institutions and wealthy investors.

Large holders typically accumulate when they foresee long-term value appreciation or when they believe the network’s fundamental prospects are strengthening. Ripple’s CEO Brad Garlinghouse added fuel to this optimistic atmosphere at the recent XRPL Apex event in Singapore, forecasting that XRPL could capture up to 14% of global SWIFT liquidity within five years. His comments emphasize XRPL’s speed and cross-border payment capabilities as key differentiators.

This sentiment is bolstered by ongoing institutional collaboration: Guggenheim’s digital commercial paper issuance on XRPL and Ondo Finance’s plans to tokenize U.S. securities on the network highlight expanding use cases. Meanwhile, Circle’s USDC stablecoin presence on the ledger adds to its credibility and attractiveness as a payment infrastructure.

XRP Price Movement and What It Means

Even with solid underlying momentum, XRP’s recent market moves reveal a more complex picture. In the last seven days, its price has bounced between about $2.10 and $2.32, and right now it’s hovering around $2.21, with a small daily gain of a bit under 1%. What stands out most is the sharp spike in trading volume, which has climbed nearly 160%, alongside a major rise in derivatives trading.

There’s been a lot of fast trading recently, meaning the market is more active and changeable. The short-term averages (10 and 20 days) show some small gains, but the longer-term averages (50 and 100 days) look more negative.

The relative strength index (RSI) hovers near a neutral 50, while momentum oscillators like the MACD and Stochastic RSI indicate limited volatility. XRP’s price is currently consolidating close to the middle of its Bollinger Bands, suggesting the market is poised for a potential breakout, though the direction remains uncertain. A move above $2.32 could unlock higher resistance levels, while a drop below $2.20 might test recent support near $2.08.

What Might Happen Next?

The recent surge in XRP Ledger activity and the unprecedented growth in large wallet holders suggest a strengthening ecosystem that is capturing the attention of both retail users and major investors. This renewed engagement reflects growing confidence in the ledger’s potential, driven by expanding use cases and institutional partnerships.

While XRP’s price shows mixed signals amid increased trading volatility, the underlying fundamentals of the network seem solid. Overall, the next few weeks will be key in revealing if this surge marks the start of lasting growth or just a brief pause before the next wave of progress.