XRP Ledger Daily Users Jump 7x to 295K — Is a Price Shift Coming?

The XRP Ledger has recorded a surge in user activity, with the number of daily active addresses climbing from an average of 35,000 to over 295,000 in the past week.

Key Takeaways:

• Daily active XRP addresses have surged 7x to 295,000, signaling renewed network engagement.
• Whale wallets holding over 1 million XRP have hit a record high, suggesting rising institutional interest.
• Derivatives volume has spiked nearly 300%, pointing to heightened short-term speculation rather than long-term accumulation.

The spike in interaction marks a 7x increase, pointing to renewed interest in the network, according to data from Santiment.

Alongside growing usage, the number of whale wallets holding over 1 million XRP has reached an all-time high of 2,700 — a milestone not seen in the 12-year history of the protocol.

The rise in large holders may reflect growing institutional or high-net-worth conviction in XRP’s long-term value.

XRP is trading at $2.2373 at press time, up 2.7% on the day, with prices ranging between $2.10 and $2.32 over the past week.

Trading volumes have surged, jumping 248% in the past 24 hours, indicating heightened market attention.

The XRP ledger is showing serious signs of growth, from both a usage and key stakeholder perspective.

The amount of interacting $XRP addresses has averaged over 295K per day over the past week. Its normal daily average over the past 3 months was approximately 35-40K.

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According to Coinglass, open interest has risen 3% to $4.02 billion, while derivatives volume has soared by nearly 300% to $9.57 billion.

The data points to a burst of short-term speculative trading rather than steady accumulation — a pattern that may precede sharp price movements in either direction.

The XRP shift may also reflect broader developments. On June 11, VivoPower, a publicly listed firm, announced a partnership with the Flare blockchain to generate yield from its XRP holdings.

The move could indicate that institutional players are looking for ways to leverage their crypto assets without liquidating them.

In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury.

XRP is currently trading near $2.236, following a period of volatile price action across different timeframes.

On the daily chart, the RSI is holding around 53, suggesting neutral momentum with no clear overbought or oversold conditions. Meanwhile, the MACD line has just crossed above the signal line, a potential early signal of short-term bullish momentum.

The 4-hour chart reflects a recent pullback after touching a local high of $2.35.

RSI has cooled to 42, and MACD shows bearish crossover with widening divergence, indicating that bulls are losing control in the short term. This aligns with a dip back into the lower Bollinger Band region, hinting at possible support around $2.21.

On the 1-minute chart, price action is consolidating tightly between $2.23 and $2.24. RSI and MACD are both flattening, confirming indecision among traders. With volume remaining modest, no breakout appears imminent at the moment.

If XRP holds above the 20-period SMA on the 4H, a rebound toward $2.30 remains in play. However, failure to defend $2.21 support could open the way for further downside toward $2.10.

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