XRP News Today: XRP Ledger Sees 7x Jump in Daily Active Addresses, Whale Wallets Hit All-Time High

The XRP Ledger has experienced a significant surge in user activity, with the number of daily active addresses jumping from an average of 35,000 to over 295,000 in the past week. This marks a 7x increase in interaction, indicating renewed interest in the network. The data, provided by Santiment, highlights a substantial rise in network engagement, which could be a precursor to potential price shifts.

In addition to the surge in daily active addresses, the number of whale wallets holding over 1 million XRP has reached an all-time high of 2,700. This milestone, not seen in the 12-year history of the protocol, suggests growing institutional or high-net-worth conviction in XRP’s long-term value. The rise in large holders may reflect increased confidence in the XRP Ledger, potentially driving future price movements.

Despite the surge in user activity and whale wallets, the derivatives volume has spiked nearly 300%, pointing to heightened short-term speculation rather than long-term accumulation. This pattern may precede sharp price movements in either direction, indicating a volatile market environment. The open interest has risen 3% to $4.02 billion, further supporting the notion of increased speculative trading.

The recent developments in the XRP Ledger may also reflect broader industry trends. On June 11, VivoPower, a publicly listed firm, announced a partnership with the Flare blockchain to generate yield from its XRP holdings. This move suggests that institutional players are exploring ways to leverage their crypto assets without liquidating them. In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury. These actions indicate a growing institutional interest in XRP and its potential for long-term value.

XRP is currently trading near $2.236, following a period of volatile price action across different timeframes. On the daily chart, the RSI is holding around 53, suggesting neutral momentum with no clear overbought or oversold conditions. The MACD line has just crossed above the signal line, indicating a potential early signal of short-term bullish momentum. However, the 4-hour chart reflects a recent pullback after touching a local high of $2.35, with RSI cooling to 42 and MACD showing bearish crossover, indicating that bulls are losing control in the short term. This aligns with a dip back into the lower Bollinger Band region, hinting at possible support around $2.21.

On the 1-minute chart, price action is consolidating tightly between $2.23 and $2.24. RSI and MACD are both flattening, confirming indecision among traders. With volume remaining modest, no breakout appears imminent at the moment. If XRP holds above the 20-period SMA on the 4H, a rebound toward $2.30 remains in play. However, failure to defend $2.21 support could open the way for further downside toward $2.10.