The XRP Ledger (XRPL) just experienced its busiest week on record, processing more than 5.1 million transactions on June 15.
Unlike other networks that often rely on automated activity to boost numbers, this surge appears to have come from genuine user demand.
XRP Ledger Continues to Scale
According to blockchain analyst Ripple Van Winkle, users were actively involved in activities such as NFT minting, asset transfers, and decentralized trading, all contributing to the spike in volume.
He noted that XRPL handled the pressure without disruptions, keeping transaction fees low and performance stable throughout the day.
This event stands out because of the high volume and the network’s resilience. According to Van Winkle, XRPL recorded no delays, no spikes in transaction costs, and no reports of system strain.
Meanwhile, user participation across the network also appears to be growing.
RippleXity, citing Glassnode data, reported that XRP wallet registrations have surpassed 7.1 million, while the number of wallets holding more than one million XRP has reached a new high above 2,700.
Market observers said these numbers signal that interest in XRP remains strong even as price action lags. According to them, it is a sign that the protocol is ready to support high-volume adoption without needing emergency interventions.
“This consistency matters as crypto matures. Institutions want boring reliability, not flashy experiments. XRPL is starting to look like the TCP/IP of crypto — invisible, stable, critical,” Van Winkle stated.
XRP Investors Take Profits as Altcoin’s Price Slides
Despite growing usage on the network, XRP’s price continues to face pressure.
According to BeInCrypto data, the token is trading around $2.07, down roughly 3% over the past 24 hours and nearly 15% this month.
While these dips have frustrated some investors, others have seen it as an opportunity to lock in gains. Notably, data from Glassnode shows that long-term holders have begun realizing profits.
According to the blockchain analytical platform, XRP holders realized an average of $68.8 million daily gains in early June.
Glassnode explained that many of these exits are believed to be from buyers who entered before XRP’s rally in late 2024, when prices surged and peaked at $3.36 in January. Now, with the token down over 36% year-to-date, some whales appear to be selling.
“XRP is trading above $2, more than 3x higher than its base price before the sharp rally in November 2024. Investors who accumulated earlier are sitting on over 300% gains,” Glassnode stated.
Although this may reflect strategic profit-taking, it also points to the broader challenge of converting strong fundamentals into sustained upward price momentum.
Still, some analysts believe XRP may still find a second wind once the current wave of profit-taking subsides. They also point to the growing interest in XRPL, especially as stablecoin projects like USDC and tokenized US Treasuries begin to launch on the network.
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