XRP Active Addresses Skyrocket 442% Amid Surging Market Activity

XRP has once again seized the spotlight in the crypto world, with a stunning 442% surge in active addresses observed within a 24-hour span. This dramatic upswing has fueled excitement and speculation in the Ripple ecosystem, indicating renewed utility and possibly strong market confidence in XRP’s underlying utility.

According to the latest on-chain data, the number of daily active XRP addresses skyrocketed to approximately 181,000 in just one day. This kind of growth implies more than mere market noise; it points toward meaningful engagement, possibly fueled by fresh capital inflows or intensified transactional activity across the XRP Ledger.

While speculative interests often drive short-term market moves, this type of user-level participation generally suggests deeper, sustainable momentum. It coincides with a notable milestone: the count of XRP wallets holding over 1 million tokens has now reached around 2,850, reflecting an uptick in both retail and whale engagement.

At the same time, market metrics show that XRP’s open interest in the derivatives sector stands at an impressive $2.8 billion. Although not a peak number historically, it highlights sustained trader conviction, especially in light of recent spot market movements. The alignment of on-chain growth and strong derivatives market positioning makes this a noteworthy development. Typically, these two areas—wallet activity and futures positioning—move independently. So their tandem upward movement adds weight to the possibility of a structural shift in sentiment.

In practical terms, this convergence suggests there may be growing belief in the long-term value proposition of XRP. The active participation from both retail and institutional spheres is a rare blend that often serves as a precursor to breakout shifts in market direction—or at the very least, a significant bolt of market attention.

An added layer of optimism is that 80.2% of the XRP in circulation is currently in profit. This favorable investor positioning suggests many holders may feel less pressure to exit positions. Instead, it could drive further engagement as confidence remains elevated among XRP’s long-term backers.

Despite a recent 3.1% decline in XRP’s spot price, there is no meaningful sign of investor flight. Futures traders have maintained or built positions, signaling belief in a turnaround or rebound. Simultaneously, XRP’s trading volume has risen by just over 2%, climbing to $2.89 billion. This stable activity amidst a minor price pullback indicates the market remains active and engaged—not fearful.

Currently, XRP is trading at $2.11 after briefly touching a session high near $2.22. The recent price cooling may be viewed as a healthy correction rather than a bearish reversal. The technical setup shows signs of temporary overselling, which could create the conditions for a potential rebound if market support remains intact.

Recent analytics also highlighted a trend where key XRP metrics hit their lowest points in the past 20 days. However, the simultaneous spike in user activity presents a conflicting, yet potentially bullish, signal for what lies ahead. Investors and analysts alike are watching for confirmation of whether this trend translates into stronger market momentum or simply a short-term blip.

Related: Expert Advice: Sell XRP If You’re Confused

Altogether, this sharp rise in XRP active addresses, paired with strong derivatives market activity and favorable wallet profit/loss ratios, paints a picture of a token experiencing renewed relevance. Whether this leads to a broader price trend reversal remains to be seen, but the foundations of engagement across retail and institutional levels suggest XRP is not fading from view anytime soon.