XRP News Today: XRP Price Up 14.6% as XRP Ledger Hits 11,000 New Wallets Daily

XRP Ledger’s recent performance highlights a surge in network activity and investor interest, as the XRP token navigates a volatile market environment. Wallet creation on the XRP Ledger has shown significant growth, with over 11,000 new wallets recorded on July 17, coinciding with a 14.6% price increase for XRP. This marks the highest single-day wallet creation rate observed in the network, as reported by COINOTAG analytics [1]. Over the same period, Santiment data indicates that the XRP Ledger has maintained an average of approximately 7,500 new wallets daily, underscoring sustained user adoption [2]. These figures suggest a strong correlation between on-chain activity and price movements, reinforcing XRP’s position in the competitive cryptocurrency landscape.

Following a sharp decline driven by selling pressure on South Korea’s Upbit exchange, XRP briefly dipped below the $3 threshold. However, the token has since rebounded to $3.26 on Bitstamp, supported by emerging buyers near the $3.2 level [3]. This recovery aligns with broader market trends, including Ethereum’s 4% gain and Bitcoin’s approach to $120,000. Analysts note that while the bounce appears to be a temporary correction, the formation of a support base around $3.2 is critical for further upward momentum.

Technical indicators suggest XRP may retest its recent lifetime high of $3.64, last recorded on July 24. The token’s ability to close near the upper range of its current trading candle signals underlying strength. Traders are monitoring whether XRP can sustain this momentum or face renewed resistance at key levels [4]. The price action reflects a mix of market-wide optimism and XRP-specific dynamics, including regulatory developments and network growth.

Comparatively, XRP’s performance mirrors trends observed in other major cryptocurrencies. Ethereum’s advance toward $3,800 and Bitcoin’s push to reclaim $120,000 highlight a general bullish sentiment. However, XRP’s trajectory is uniquely influenced by its on-chain activity and institutional adoption. Investors are advised to weigh technical signals against broader market conditions when assessing the token’s potential.

The XRP Ledger’s sustained wallet growth and price resilience demonstrate renewed activity in the XRP ecosystem. While market volatility remains a challenge, the network’s on-chain metrics suggest a foundation for recovery. Stakeholders are encouraged to monitor wallet creation rates, support/resistance levels, and global crypto trends to navigate XRP’s evolving landscape effectively [5].

Source: [1] [XRP Network Shows Strong Wallet Growth as Token Attempts Recovery Amid Market Volatility July 24, 2025] [https://en.coinotag.com/xrp-network-shows-strong-wallet-growth-as-token-attempts-recovery-amid-market-volatility/] [2] [XRP Network Shows Strong Wallet Growth as Token Attempts Recovery Amid Market Volatility July 24, 2025] [https://en.coinotag.com/xrp-network-shows-strong-wallet-growth-as-token-attempts-recovery-amid-market-volatility/] [3] [XRP Network Shows Strong Wallet Growth as Token Attempts Recovery Amid Market Volatility July 24, 2025] [https://en.coinotag.com/xrp-network-shows-strong-wallet-growth-as-token-attempts-recovery-amid-market-volatility/] [4] [XRP Network Shows Strong Wallet Growth as Token Attempts Recovery Amid Market Volatility July 24, 2025] [https://en.coinotag.com/xrp-network-shows-strong-wallet-growth-as-token-attempts-recovery-amid-market-volatility/] [5] [XRP Network Shows Strong Wallet Growth as Token Attempts Recovery Amid Market Volatility July 24, 2025] [https://en.coinotag.com/xrp-network-shows-strong-wallet-growth-as-token-attempts-recovery-amid-market-volatility/]