XRP Ledger Sees 71% Network Surge, Active Address Numbers Say Users Are Coming Back

Ripple’s XRP Ledger is showing fresh signs of life as active addresses across the network have begun to surge again. This comes at a time of slow price action and declining positive sentiment among XRP holders. But the recent figures suggest that users are actually making their way back to the blockchain despite XRP's recent price weakness. The sharp increase in on-chain participation has naturally caught the attention of market analysts, who say the divergence between network activity and token price could indicate renewed accumulation by investors ahead of a potential market recovery.

According to blockchain analytics data from Santiment and shared by analyst Ali Martinez, daily active addresses on the XRP Ledger climbed from approximately 23,000 to more than 39,500 over the past two weeks, representing a 71.7% increase in user activity. These data points point to growing engagement even as XRP continues trading near recent lows around $1.04. The latest surge also comes only days after unusual blockchain statistics briefly showed payment activity dropping sharply, suggesting a divergence in the numbers.

XRP Ledger Activity Diverges From Falling Price

The latest data presents a striking contrast between market sentiment and blockchain usage. Unlike price-based indicators, active addresses on the XRP Ledger measure the number of unique wallets interacting with the blockchain during a given period. Historically, rising wallet activity is often viewed as an early indicator of strengthening network fundamentals because it reflects real users sending transactions, moving funds, or interacting with decentralized applications on the XRP Ledger.

So, while XRP remains below several key moving averages, the XRP Ledger is actually recording one of its strongest increases in user participation this month. Such a significant increase in active addresses has sometimes preceded periods of heightened market volatility, particularly when accompanied by increased whale activity or long-term accumulation.

According to the report, the XRP Ledger processed the jump in network participation even as XRP tested support near $1.04, remaining well below its 50-day and 200-day exponential moving averages. The analyst says this divergence suggests that investors may be putting themselves in a position to capture any significant shift in market momentum that could trigger a price rally.

XRP price Eyes $1.30 Breakout While Exchange Supply Hits 7-Year Low

XRP is already attracting renewed attention with the XRP Ledger active account surge, but there are other developments that could drive the digital asset’s price higher. The RippleXity account on X shared that XRP exchange reserves have crashed to their lowest levels in seven years, a development that could suggest a rise in bullish pressure. This reportedly leaves only around 1.5 billion coins on exchanges, with 38 billion in Ripple’s escrow, and the rest being held by investors in self-custody wallets.

As these factors continue to develop, crypto analyst Diana has pointed out the possibility of an 700% XRP price rally. The analysis argues that a decisive move above $1.30 would represent a significant technical milestone. According to Diana, clearing this resistance level would break XRP's pattern of lower highs, turn previous resistance into support, move the token back above the Ichimoku Cloud, and potentially confirm a higher-timeframe bullish trend.

So far, the digital asset has defended the psychological level of $1, which serves as a major support level, with the price trading around $1.04 at the time of writing. This leaves the next major move to be whether bulls can push the price above the next major resistance levels at $1.08 and $1.30, as long as this support holds.

The analyst also references the Elliott Wave theory, suggesting that if XRP establishes support above $1.30, then it could begin a Wave 5 expansion. If this plays out, then the analyst believes that potential upside targets of $3.66 before eventually reaching $8.76 are possible. Reaching the latter target would mean at least 700% from current levels.