The XRP Ledger has experienced a remarkable surge in network activity, with over 21,595 new wallets created in just 48 hours. This marks the fastest expansion of the network since January 2025. Despite the price of XRP remaining relatively stable around $0.52–$0.56, the rapid increase in wallet creation suggests a resurgence of interest among investors, potentially indicating a forthcoming bullish momentum.
The cryptocurrency market is currently navigating a recovery phase following a recent downturn that disrupted price levels maintained for the past six months. Notably, while leading cryptocurrencies like Bitcoin and Ethereum have fallen below their lows from October, XRP has shown resilience, rebounding over 12% from its November lows. This increase in price, combined with a surge in trading volume, reflects a growing interest among market participants, enhancing the potential for bullish activity.
XRP Network Growth Signals Investor Interest
The spike in new wallet creation is supported by data from Santiment, which tracks on-chain activity. The data indicates that the increase in wallet addresses interacting with the XRP Ledger has reached levels unseen in almost ten months. Such increases are typically viewed as early signals of renewed investor involvement, reflecting both retail interest and potentially new developer activity within the XRP ecosystem.
“21,595 new XRP wallets have been created in just 48 hours,” remarked Santiment, emphasizing the growth as the strongest since early 2025. Historically, periods of heightened wallet activity have often preceded significant price movements for XRP, suggesting a potential shift in market sentiment as user adoption rises.
While the network activity has surged, XRP’s price has remained relatively unchanged, recently dropping to around $2.06. This decline aligns with broader weaknesses in the cryptocurrency market following Bitcoin’s drop below the $100,000 mark. Although XRP has made a slight recovery, it continues to face resistance below the $2.4 level, which traders identify as a crucial breakout point.
Potential Price Movements and Market Sentiment
The XRP/USDT daily chart indicates that XRP is struggling to maintain support above the $2.30 mark, facing repeated challenges at the $2.60 resistance level. Should bullish momentum develop and surpass this threshold, XRP could confirm a short-term bullish reversal. Traders are keenly observing the current price range; if bulls defend the established levels, a rebound towards $2.59 and potentially $2.80 could be on the horizon.
Conversely, should XRP close below $2.29, this could lead to further declines, possibly targeting $1.91 and deeper support levels near $1.62. The decrease in trading volume suggests that buying pressure may be waning, yet the recent influx of new wallets could indicate early signs of accumulation.
As the situation unfolds, traders and investors alike are advised to monitor XRP’s price movements closely, particularly for a daily close above $2.60 to confirm any potential bullish reversal. The combination of heightened network activity and strategic price movements will be critical in determining the future trajectory of XRP as the market seeks to recover from recent challenges.
