The post XRP Ledger Explodes with 800% Spike in Users: Is a Price Breakout Coming? appeared first on Coinpedia Fintech News
Something big is brewing on the XRP Ledger and this does not look like a short-term bounce.
In one of the most active weeks in its 12-year history, XRP has seen daily address activity skyrocket over 800%, according to data from Santiment. The number of unique wallets interacting with the network has jumped from its usual 35,000–40,000 range to an average of 295,000 per day, a surge that stands out, even in a recovering market.
This kind of spike doesn’t happen often.
What’s driving the action? According to on-chain data, high-value wallets are loading up, and fast.
Whale Wallets Hit Record High
According to Santiment, the number of wallets holding 1 million or more XRP has now reached 2,708 – the highest level ever recorded. That’s over $2.25 million per wallet at current prices.
What makes this unusual is both retail and whale activity are rising at the same time. Typically, one leads and the other follows. This time, they’re accelerating together which is a possible sign of early accumulation ahead of something bigger.
This trend is totally unprecedented in recent XRP price history, pointing to a shift in how investors are approaching the asset.
Who’s Fueling the Spike?
Not everyone is convinced the surge is as dramatic as it looks.
XRPL validator Vet responded to the Santiment data, saying,
“The XRPL has in general never been so busy, in all aspects. Though, are you sure the interacting XRP addresses are correct?”
In response, Santiment clarified that its metric includes both senders and receivers, not just unique sending wallets. That means the spike may be driven by a rise in receiving wallets, possibly indicating increased interaction from newer or returning participants.
The numbers may vary depending on the data source, but one thing is clear – XRP Ledger activity is climbing again, and it’s catching the attention of both data analysts and long-time network validators.
Price Lags, But Momentum Builds
Even with the uptick in on-chain activity, XRP’s price hasn’t broken out yet. After briefly touching $2.33, it has pulled back slightly and is trading around $2.24.
Still, analysts believe the price may be lagging behind the fundamentals. Santiment suggested this activity could be tied to growing confidence in the XRP Ledger or even anticipation of regulatory clarity.
One analyst, Crypto Beast, recently said XRP could “make a lot of money this bull cycle,” pointing to an $8 price target based on a symmetrical breakout and improving market sentiment.
The Bigger Signal
The alignment of whale accumulation and record-level user activity is unusual and it’s not happening quietly. XRP may still be below $3, but behind the scenes, big players are positioning.
Whether this leads to a major breakout or not, one thing is clear: XRP is back on the radar and the smart money knows it.