Headline: XRP Ledger Posts Surge in On‑Chain Activity — Wallets and Daily Transactions Hit Multi‑Year Highs While Price Lags
The XRP Ledger is showing renewed life: daily active addresses have climbed back above 200,000, transaction throughput has surged into the millions, and the network just surpassed 7.7 million non‑empty wallets — milestones not seen in the token’s 13‑plus year history. Yet XRP’s market price has been sliding, leaving a clear disconnect between on‑chain strength and investor sentiment.
On‑chain data from XRPScan shows the number of daily active users — measured by addresses with SourceTag and DestinationTag activity — has once again topped 200,000. That level has historically coincided with periods of elevated market participation. Over the six‑month window since October 2025, active address counts mostly oscillated between roughly 100,000 and 180,000, with intermittent spikes above that range. The recent lift is notable because it comes despite an absence of sustained bullish price momentum.
Transaction volume on the ledger has climbed sharply. The network recorded over 4 million successful transactions in a single day for the first time in more than two years, peaking at about 4.49 million on April 2. Transaction activity has trended upward since late December, producing higher highs through February and March; even during pullbacks, daily transactions have remained above the 2 million mark — a sign of persistent, baseline usage.
Wallet growth has followed suit: non‑empty wallets on the ledger recently surpassed 7.7 million, a threshold not seen before in XRP’s 13‑year existence. These data points — rising active addresses, elevated transaction counts and increasing wallet numbers — suggest usage on the ledger is accelerating independently of price-driven rallies, driven by transfers, exchange flows and possibly institutional activity.
Despite this on‑chain momentum, XRP’s price has weakened. The token, trading around $1.31, has recorded six consecutive monthly losses and hasn’t closed a green monthly candle since September 2025. That selling pressure has pushed XRP toward another nearby support around $1.28. Compounding the market picture, large amounts of XRP have left exchanges in recent weeks; one notable outflow saw roughly $11.4 billion worth of XRP withdrawn from Binance.
What does it mean? Historically, spikes in on‑chain activity have sometimes preceded meaningful price moves, but the correlation is not immediate or guaranteed. Still, the current data make it clear that XRP’s on‑chain fundamentals are no longer weak: the ledger is active, growing, and processing millions of transactions each day. If this usage continues to expand, it could provide the foundation for future price appreciation — even if that outcome isn’t certain or imminent.
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