Cryptocurrency markets are recovering from the recent sell-off below levels that have been sustained for the past six months. XRP price has rebounded more than 12% from its November lows at a time when the top two tokens, Bitcoin and Ethereum, have fallen below their October lows. This can happen due to huge bullish support, which is also reflected in the trading volume. This suggests growing interest from market participants, keeping bullish prospects high.
XRP network growth reaches highest level since January
The XRP Ledger (XRPL) has seen a significant surge in new wallet creation, marking the highest network growth since January 2025. According to Santiment’s on-chain data, more than 21,595 new XRP wallets were created in just 48 hours, indicating renewed interest and accumulation potential among users. This surge in network activity comes as XRP price continues to consolidate near key support levels, with traders speculating that this on-chain momentum could fuel the next price rebound.
Data from Santiment shows that XRP’s network growth, a metric that tracks the number of new addresses being exchanged on the ledger, has soared to levels not seen in nearly 10 months.
Such spikes often reflect both retail activity and, in some cases, new developer interest in the XRP Ledger ecosystem, and are interpreted as an early indicator of new investor participation.
“21,595 new XRP wallets were created in just 48 hours,” Santiment noted, highlighting the strongest address growth since early 2025.
Historically, spikes in wallet creation have preceded heightened XRP price volatility, suggesting a potential shift in market sentiment as user adoption increases.
XRP price struggles to regain momentum amid market correction
While network activity has skyrocketed, XRP price has remained relatively stable. The token recently fell to around $2.06, reflecting the weakness in the broader crypto market after Bitcoin fell below $100,000. XRP has since rebounded slightly, but is still limited by the $2.4 resistance level, which traders see as the next key breakout zone. If price momentum builds above this threshold, XRP could confirm a short-term bullish reversal.
The XRP/USDT daily chart shows that XRP is struggling to hold above the $2.30 support zone and has repeatedly rejected the $2.60 resistance level. If the bulls maintain the current range, a rebound towards $2.59 and even $2.80 is possible. However, a close below $2.29 could trigger further downside towards $1.91 and deeper support near $1.62. Decreasing volume suggests less buying pressure, while the recent surge in wallet prices could indicate early accumulation. Traders should keep an eye on the daily close above $2.60 to confirm a near-term bullish reversal.
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