XRP News Today: XRP Surges 14.6% to $3.20 as On-Chain Activity Drives 11,000 New Wallets Daily

XRP surged past $3.20 on July 17, 2025, marking a 14.6% price increase amid record on-chain activity, with the XRP Ledger reporting the creation of over 11,000 new wallets in a single day [1]. This surge followed a week of volatility, during which the token briefly dipped below $3 but regained momentum, stabilizing around $3.21 by July 24 [4]. The price rebound coincided with heightened ledger activity, driven by institutional inflows and retail demand, as platforms like Coinbase saw XRP top buyer charts [2]. Analysts attribute the movement to a combination of strong on-chain adoption and broader crypto market trends, though regulatory uncertainties and short-term corrections have tempered gains [4].

The XRP Ledger’s record wallet growth underscores its role as a high-capacity settlement layer for cross-border payments, a use case championed by Ripple Labs. On-chain data reveals a direct correlation between wallet adoption and price action, with the token’s 14.6% rise on July 17 aligning with the surge in new user accounts [1]. Institutional activity has amplified this dynamic, with analysts noting increased engagement from large-scale investors and a shift in market dynamics toward XRP’s ecosystem [2]. However, the token’s 19% decline from its 2025 year-to-date high to $3.21 highlights the challenges posed by ongoing regulatory disputes and broader market corrections [4].

Retail traders have played a pivotal role in sustaining XRP’s upward trajectory, particularly on exchanges like Coinbase, where buyer demand has driven the price back above $3.20 [2]. This pattern mirrors historical trends, where XRP has shown resilience during periods of significant news or institutional backing. The current rally, however, is distinct in its scale, with on-chain metrics indicating sustained interest across both retail and institutional segments. Ripple CEO Brad Garlinghouse has warned of emerging risks, including scams targeting XRP holders via fraudulent promotions on hacked YouTube accounts [7]. These warnings underscore the volatility inherent in rapid price movements, particularly in markets susceptible to misinformation.

While bullish indicators such as wallet growth and exchange demand support a potential recovery, XRP remains vulnerable to macroeconomic factors and regulatory developments. A July 24 report identified four chart patterns suggesting possible gains, with speculative price targets as high as $5 by year-end [6]. However, these projections are not grounded in on-chain fundamentals or institutional activity, and analysts caution against treating them as actionable insights. The token’s trajectory will likely depend on resolving legal challenges and maintaining developer momentum to solidify long-term adoption [4].

The interplay between technical analysis, retail sentiment, and regulatory risks defines XRP’s current landscape. Stakeholders must monitor on-chain metrics, institutional flows, and regulatory updates to gauge its potential. For now, XRP’s performance reflects a broader crypto market narrative of speculative trading and algorithmic patterns, with its price resilience signaling enduring market confidence [2].

Sources:

[1] [XRP News Today: XRP Price Up 14.6% as XRP Ledger Hits 11,000 Wallets Daily](https://www.ainvest.com/news/xrp-news-today-xrp-price-14-6-xrp-ledger-hits-11-000-wallets-daily-2507/)

[2] [XRP Tops Coinbase Buyer Charts as Price Reclaims $3.20](https://coinpaper.com/10179/xrp-emerges-as-the-most-bought-crypto-on-coinbase-amid-bulls-regaining-3-20-level)

[4] [Ripple (XRP) Price Prediction: Token Falls 19% From All-Time Highs](https://coincentral.com/ripple-xrp-price-prediction-token-falls-19-from-all-time-highs-but-experts-still-eye-15-target/)

[6] [Dow Jones Rises 400 Points After Trade Deal](https://m.economictimes.com/crypto-news-today-live-23-jul-2025/liveblog/122843856.cms)

[7] [Ripple CEO Brad Garlinghouse Raises Alarm Over Rising XRP Scams](https://m.facebook.com/manuel.guevarra.369210/photos/ripple-ceo-brad-garlinghouse-raises-alarm-over-rising-xrp-scamsamid-a-slew-of-xr/727719983474546/)