XRP News Today: XRP Ledger Surpasses 7.1 Million Wallet Addresses Amid Surge in Activity

The XRP Ledger (XRPL) has achieved a significant milestone by surpassing 7.1 million registered wallet addresses. This development, highlighted by Steph Is Crypto, underscores the growing scale, adoption, and utility of the network. As the XRPL evolves into a key infrastructure layer for global finance, this surge in address count reflects deepening investor engagement and broader confidence in the blockchain’s long-term viability.

The jump to 7.1 million wallet addresses signifies an accelerating wave of participation. Data from Santiment shows daily active addresses recently soared to nearly 295,000, up sharply from the average 35,000–40,000 observed over recent months. In parallel, the number of whale wallets, those holding at least one million XRP, has reached a new all-time high of 2,700. This not only signals increased interest from institutional and high-net-worth participants but also indicates rising conviction in XRP’s long-term potential.

The record wallet growth comes amid a broader explosion in XRPL activity. On June 15, the network processed over 5.1 million transactions in a single day, a historic high. Unlike past network spikes often inflated by spam or bots, this surge appears to reflect real and sustained usage. Despite the heavy load, the XRPL maintained its hallmark performance: fast settlement times and negligible fees. This proves the ledger’s architecture is capable of scaling efficiently under pressure, positioning it as a credible solution for enterprise-level financial infrastructure.

Much of this growth is fueled by expanding real-world use cases. Circle’s integration of the USDC stablecoin onto the XRPL has opened new payment corridors, while firms like Guggenheim are using the ledger for tokenized commercial paper issuance. Ripple, the company closely tied to XRPL’s development, has also rolled out several technical upgrades aimed at boosting performance and developer functionality. These advancements are not only drawing more users to the network but are actively redefining how blockchain can be used in regulated financial environments.

Despite the surging network activity, XRP’s price remains relatively muted. The asset is currently trading around $2.10, down from a recent local high of $2.45. This period of consolidation has seen XRP range between $2.07 and $2.14, reflecting short-term market uncertainty. However, analysts remain optimistic. On-chain strength, institutional interest, and emerging infrastructure upgrades suggest the price may be lagging behind the fundamentals. Many believe that a broader shift in market sentiment, or catalysts like a spot XRP ETF or regulatory clarity, could reignite upward momentum.

Surpassing 7.1 million addresses marks a pivotal chapter in the XRP Ledger’s journey. As Steph Is Crypto emphasized, this is not just about numbers; it’s about momentum, infrastructure, and long-term viability. While price action may take time to catch up, the foundation being laid is stronger than ever. With real-world applications growing and institutional interest deepening, the XRPL is no longer just a speculative platform; it’s fast becoming a cornerstone of blockchain-based finance.