Traction towards the XRP Ledger has increased extensively lately as network activities and XRP whale presence reach new average highs.
Santiment reported this increased attraction as the broader market shows signs of recovery. Specifically, XRP recovered from a low of $2.08 last week to briefly reclaim $2.33 on Monday before relinquishing some of its gains.
Meanwhile, it is interesting to note that the number of daily average transactions on the XRP Ledger (XRPL) and the number of whales have outpaced prices, renewing bullish sentiments among proponents of the XRP ecosystem.
Whale Wallets Hit New All-Time High
In a recent disclosure, Santiment noted that whale and shark wallets holding at least 1 million XRP have reached an unprecedented high.
Currently, over 2,700 unique addresses hold 1 million or more XRP, as whales leverage XRP’s recent bearish consolidation around the lower end of $2 to accumulate the Ledger’s native token. Specifically, Santiment noted that 2,708 unique wallets have XRP worth $2.25 million or more for the first time in the asset’s over 12-year history.
Remarkably, this is not the only metric on the rise on the XRP Ledger; the number of daily active users has also been rising considerably over the past week.
Interaction With the XRP Ledger Trounces Its 3-Month Average
Santiment has also identified a trend of increased user transactions within the XRP Ledger. It noted that the number of active daily transactions on the blockchain has outpaced its norm for the past three months.
For context, the daily active addresses had trended at approximately 35,000 to 40,000 before now. This network metric dropped drastically from its levels in early to mid-March, with the number of average daily users receding considerably from the daily highs of over 540,000 at some point.
However, crypto users appear to have rekindled their interest in the XRP Ledger, Santiment noted. Active addresses now trend at a daily average of over 295,000 per day, a staggering 637.5% increase over the past week.
Network Activity Surge in the XRP Ledger
Meanwhile, Santiment clarified that this average utility accounts for both senders and receivers, addressing a reaction from the XRPL dUNL validator Vet. He pointed out that the unique active senders in the XRP Ledger have remained relatively stable since the spikes in late last year and early 2025, citing data from XRPScan.
Nonetheless, Santiment stated that the metric considered both sending and receiving addresses, with the analysis suggesting that these spikes likely came from active receivers.
Interestingly, this strong traction may have contributed to XRP’s spike to $2.33 yesterday before correcting slightly to close at $2.23. Moreover, such massive network activity, especially considering it is a strong accumulation trend, usually precedes a massive price rally.
In the meantime, XRP remains below $3, with analysts suggesting that prices may not stay that low for long. Analyst Crypto Beast recently predicted that XRP holders would make a lot of money this bull cycle, as momentum from the regulatory clarity and an imminent symmetrical breakout could push prices to at least $8 this cycle.
XRP trades at $2.24 at the time of writing.
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