XRP Wallets: 4,300 New Ones Opened in a Day... "Fourth Largest Increase This Year"

▲ XRP

The XRP network saw 4,300 new wallets created in a single day, marking the fourth largest surge in network growth this year. The increase in new addresses is being interpreted as a sign of expanding market interest and the potential influx of new users.

U.Today reported on May 22 (local time), citing Santiment data, that 4,300 new wallets were added to the XRP network within 24 hours. Santiment evaluated this network growth as a significant positive trend that could help detect price reversal signals. An increase in new addresses could mean an influx of new users, or it could be existing holders creating new addresses.

This surge in wallets coincided with increased activity across the broader XRP Ledger ecosystem. Santiment reported that on-chain activity on the XRP Ledger network reached its highest level since March over the past week. The simultaneous increase in active addresses and new wallets was highlighted as key. Increased network activity is a crucial factor supporting medium-to-long-term price appreciation, and it was explained that expanded adoption could lead to higher price justification.

A whale accumulation trend was also observed simultaneously. U.Today reported, citing analysis by crypto analyst Ali, that XRP whales accumulated an additional 71 million XRP over the past week. Furthermore, the total holdings of wallets with over 10 million XRP increased to 45.83 billion XRP, which is the largest volume since May 2018. This amount represents approximately 68% of the total XRP supply. At the time of writing, XRP was trading at $1.36.

Ripple will participate as a Challenge Sponsor in SwissHacks 2026, operating three builder tracks: Payments & FX, Credit & Lending, and AI Agents for Finance. The event will take place from June 19 to 21 in Zurich, Switzerland, during Swiss FinTech Week. Concurrently, the sole amendment for the latest XRP Ledger software version, XRPL 3.1.3, has entered its two-week activation period, with an expected activation date of May 27. Node operators were advised to update to avoid blocking the amendment and service disruption.

U.Today stated that the surge in new XRP wallets, expanded active addresses, whale accumulation, and XRP Ledger ecosystem updates have all contributed to increased overall vitality in the network. Specifically, the daily increase of 4,300 wallets is interpreted as a sign of renewed strong interest in the XRP market, given that it is the fourth largest increase this year.

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