The XRP Ledger has witnessed a remarkable surge in network activity, with over 21,595 new wallets created within a span of just 48 hours. This increase marks the fastest expansion of the network since January 2025, raising questions about potential bullish momentum for the cryptocurrency. Despite the XRP price fluctuating between $0.52 and $0.56, the significant wallet creation signals a renewed interest among investors.
The broader cryptocurrency market is currently in recovery mode following a recent downturn that disrupted levels maintained for the past six months. Notably, while leading cryptocurrencies such as Bitcoin and Ethereum have fallen below their October lows, XRP has managed to rebound more than 12% from its November lows. This resilience may indicate strong bullish support, supported by increased trading volume, which implies heightened interest from market participants.
Unprecedented Growth in Wallet Creation
According to on-chain data provided by Santiment, the recent spike in wallet creation on the XRP Ledger suggests a potential accumulation phase among users. The metric tracking new addresses interacting with the ledger has surged to levels not seen in nearly ten months. Such increases are often viewed as early indicators of renewed investor participation, highlighting both retail engagement and possible developer interest in the XRP ecosystem.
“21,595 new XRP wallets have been created in just 48 hours,” Santiment reported, emphasizing the strong growth of addresses since early 2025. Historically, significant bursts in wallet creation have preceded notable price movements for XRP, indicating a potential shift in market sentiment as user adoption rises.
While network activity is on the upswing, XRP’s price remains relatively stable. The token recently dipped to around $2.06, reflecting the overall weakness in the cryptocurrency market following Bitcoin’s decline below the $100K mark. Although XRP has made a slight recovery, it continues to face resistance under the key level of $2.4.
Market Trends and Price Projections
If XRP can build momentum above this resistance threshold, it could signal a short-term bullish reversal. The daily chart for XRP/USDT indicates that the token is struggling to maintain stability above the $2.30 support zone, facing repeated rejections at the $2.60 resistance level. Should bullish sentiment prevail, a rebound toward $2.59 and potentially $2.80 could follow. Conversely, a close below $2.29 may trigger further declines toward $1.91, with deeper support near $1.62.
Despite declining trading volume suggesting reduced buying pressure, the recent surge in wallet creation may indicate early accumulation. Traders are advised to monitor for a daily close above $2.60 to confirm any short-term bullish reversal, as the market navigates through these fluctuating conditions. The developments in the XRP network may indeed be a crucial factor in shaping the future price trajectory of this cryptocurrency.