XRP News Today: XRP Ledger Sees 800% Surge in Daily Active Addresses

The XRP Ledger has witnessed a remarkable surge in activity, with daily active addresses increasing by 800% over the past week. This surge has elevated the average number of unique wallets interacting with the network to 295,000 per day, a significant jump from the usual 35,000-40,000 range. This unprecedented level of activity suggests a potential shift in market dynamics, as both retail and high-value investors are showing increased interest in the asset.

One of the most notable developments is the record number of wallets holding at least one million XRP, which has reached 2,708. This figure represents an all-time high and indicates that major investors and early institutional players are increasingly confident in XRP's growth potential. The concurrent rise in network activity and high-net-worth wallet accumulation is unusual, as these metrics typically move independently. This simultaneous increase hints at a broader accumulation cycle, possibly driven by developments within the XRP Ledger or anticipated legal changes.

Despite the significant on-chain activity, the price of XRP has only partially reflected these changes. Currently trading at around $2.24, XRP has risen from its earlier levels this year but has not yet achieved a full bullish breakout. The short-term outlook remains uncertain, but the recent surge in activity has undoubtedly placed XRP back on the radar of major market participants. The sustained growth of XRP will likely depend on further developments that justify the sudden influx of activity and investment.

Some analysts suggest that the surge in activity could be tied to growing confidence in the XRP Ledger or even anticipation of regulatory clarity. One analyst, Crypto Beast, recently pointed to an $8 price target based on a symmetrical breakout and improving market sentiment. However, not everyone is convinced that the surge is as dramatic as it appears. XRPL validator Vet questioned the accuracy of the data, noting that the metric includes both senders and receivers, not just unique sending wallets. This clarification suggests that the spike may be driven by a rise in receiving wallets, possibly indicating increased interaction from newer or returning participants.

Regardless of the specific drivers, the alignment of whale accumulation and record-level user activity is unusual and it’s not happening quietly. XRP may still be below $3, but behind the scenes, big players are positioning. Whether this leads to a major breakout or not, one thing is clear: XRP is back on the radar and the smart money knows it. The sustained growth of XRP will likely depend on further developments that justify the sudden influx of activity and investment.