Price is quiet...XRP surpasses Solana, initiating market dominance activity

▲ XRP

An analysis indicates that an unusual structure has emerged in the XRP network, where transaction activity is rapidly increasing, showing a divergence from price trends.

According to the specialized cryptocurrency media Bitcoinist, AccountSet transactions on the XRP Ledger have explosively increased since 2026, reaching an all-time high. These transactions are not simple transfers but operations used for building network-based infrastructure, such as setting account permissions, activating features, and connecting domains, which differs in nature from a mere increase in transaction volume.

Specifically, the number of AccountSet transactions surged to over 120,000. This figure exceeds what typical individual users can generate, suggesting that large-scale preparatory work is underway within the network.

This change also coincides with an increase in overall transaction volume. The daily transaction count on the XRP Ledger is approaching approximately 3 million, nearly tripling from around 1 million in mid-2025. Recently, it has entered a phase where more than 3 million transactions occur consistently each day.

The increase in wallets is also clear. The number of active addresses on the XRP Ledger has surpassed 7.7 million, setting a new record in the network's history. This is interpreted as an indicator of an expanding real-world usage base, not just speculative demand.

However, the price shows a different trend from the rise in these on-chain indicators. XRP remains at a lower level compared to its past highs, and the divergence between network activity and price is emerging as a key market variable.

Zach Pandl, Head of Research at Grayscale, stated that “XRP price revaluation is possible if regulatory clarity is secured,” adding that the passage of the US crypto market structure bill could act as a significant variable for future price trends.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*