Key Takeaways
Table of Contents
- XRP Ledger activity rose sharply as price strength drew renewed wallet participation.
- Santiment recorded 48,453 active wallets, the network’s strongest reading since March.
- Sustained wallet growth could support XRP if participation remains elevated after the rally.
XRP Ledger Activity Rises as Price Tests $1.55
The XRP Ledger posted its strongest 24-hour activity since March after XRP moved above $1.54 for the first time in two months, according to crypto data intelligence platform Santiment. Data showed 48,453 active XRP wallets, the highest count since March 30. Network growth reached 3,317 new XRP wallets, its highest level since March 19.
Santiment’s chart tracked XRP price, daily active addresses, and network growth. Both on-chain measures rose with the price move. Active wallets showed immediate usage across the network. New wallet creation pointed to fresh participation. The platform linked much of the jump to price FOMO (fear of missing out), while noting that higher transaction activity can support longer-term price strength. Santiment Intelligence wrote:
“The XRP Ledger just had its highest 24-hour period of: Active Addresses (48,453: highest since March 30) … Network Growth (3,317: highest since March 19).”
Stronger wallet activity adds context to XRP’s recent price action. Daily active addresses show wallets interacting with the XRP Ledger. Network growth captures new wallet creation. Together, the readings suggest a broader burst of participation around the latest move. The key question is whether activity remains elevated after the price surge fades.
Large XRP Wallets Reach a Record High on Ledger
Large XRP holders also increased their accumulation as XRP moved above $1.50. On May 14, Santiment said wallets holding at least 10 million XRP controlled a combined 45.83 billion XRP tokens, valued at about $68.5 billion. The platform said those wallets now account for 68.5% of XRP’s total supply, marking their largest holdings since May 2018. Santiment added that the accumulation trend continued despite volatility and uncertainty across the crypto market.
Santiment Intelligence explained:
“The continued rise in XRP Ledger wallets holding at least 10,000 XRP is an important long-term signal because it shows that larger holders have kept accumulating even during periods of volatility and uncertainty.”
A sharp drop of more than 4,500 wallets holding at least 10,000 XRP appeared between Feb. 6 and Feb. 8, after the broader crypto market crash and liquidation wave on Feb. 5. Santiment said it did not identify a confirmed XRP-specific catalyst behind the decline. Since then, the number of large XRP wallets has recovered beyond the previous peak, signaling renewed accumulation among larger holders. As of writing, XRP is trading at $1.43.
Source link
