The XRP Ledger is witnessing an intense surge in on-chain activity, with key metrics climbing to their highest levels in years. According to Santiment, the number of wallets holding over one million XRP has reached an all-time high of 2,708, signalling aggressive accumulation by high-net-worth investors.
Alongside this spike in whale wallets, XRP has seen a dramatic rise in daily active addresses. Mean daily wallet transactions have gone up to 295,000 over the last week, an 800 percent rise on the recent 90-day average of a mere 35,000 to 40,000.
Such a dramatic increase in user activity and the growth of large wallets is gaining great resonance in the crypto community. Although these trends tend to be exhibited in distinct stages, tandem with growth presents the potential long-term repositioning of XRP in the market.
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Simultaneous Whale Accumulation and User Spike Points to Strategic Positioning
The increase in extensive wallet holdings, each valued at over $2.25 million based on current prices, may reflect deeper confidence from institutions and early investors. The alignment of high-value accumulation with rising retail-level engagement underscores the growing interest in the XRP ecosystem.
XRP is currently priced at around $2.28, marking a noticeable climb from earlier this year. However, the asset has not made a breakout move in accordance with the magnitude of its present network expansion.
Analysts believe the combined growth of whale wallets and active addresses could signal the beginning of a larger market trend. This can be associated with anticipation of the development of the XRP ledger or changes in regulations that may affect Ripple and its currency.
The magnitude and rate at which this is being carried out show that XRP can be gaining momentum with some of the heavy hitters. Market observers have since given particular attention to the possibility that the growth in wallet tobacco pile-up and the use of the systems will continue over the next few weeks.
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