XRP Ledger Adoption Soars as Ripple Whale Wallets Hit Peak

XRP Ledger is experiencing unprecedented growth in both user participation and institutional activity, marking a pivotal moment for the Ripple blockchain ecosystem. Over the past week, daily active addresses on the XRP Ledger have skyrocketed to an average of 295,000—over seven times the previous three-month average of around 35,000 to 40,000 addresses.

Data collected by blockchain analytics platform Santiment highlights the consistency of this surge, suggesting that both retail users and larger entities are increasingly interacting with the XRP Ledger. This robust upward trend signals a broadening level of engagement, affirming that the ledger’s infrastructure is seeing traction across various segments of the blockchain and financial community.

Institutional Engagement Reflected in Whale Wallet Growth

One of the most striking indicators of accelerated activity on the XRP Ledger is the rapid growth in high-value wallets. For the first time in the ledger’s 12-year history, a record 2,708 wallets now hold more than 1 million XRP each. These large holders, often referred to as ‘whales’ and ‘sharks,’ typically represent institutional investors or significant private holders with a long-term commitment to the asset.

This uptick in major XRP holdings suggests strengthening institutional confidence in the network. Large-scale wallet growth generally implies deeper market interest from organizations aiming to solidify their presence in a maturing blockchain environment. The accumulation within these strategic wallets may also help enhance the network’s liquidity profile and reduce transactional friction in value movement.

Fueling this institutional momentum, recent developments underscore the evolving role of the XRP Ledger within the wider digital finance landscape. Notably, asset management firm Guggenheim has introduced digital commercial paper on XRPL—an important step toward bridging decentralized technology with traditional financial instruments. Furthermore, the deployment of Circle’s USDC stablecoin on XRPL adds yet another layer of transactional efficiency and liquidity to the network.

These shifts parallel Ripple’s wider ambition to scale global payment solutions and achieve regulatory clarity. With a focus on paving new corridors for cross-border transactions, Ripple’s ecosystem appears to be laying the groundwork for long-term institutional partnerships and scalable blockchain integration.

On-Chain Momentum Triggers Market Activity

As on-chain metrics continue to climb, market movements in XRP have followed suit. Over the past week, the cryptocurrency fluctuated between $2.10 and $2.32, currently settling at $2.22—a modest 1.9% increase in the past 24 hours. This price movement reflects growing trader interest fueled by network fundamentals rather than speculation alone.

Trading metrics further affirm this surge in confidence. Daily trading volume has soared by 245%, suggesting an influx of capital and heightened attention from market participants. According to data from Coinglass, open interest in XRP derivatives also rose by 3% to reach $4.02 billion. Meanwhile, total derivatives volume nearly quadrupled, climbing to $9.8 billion—an indication of increasing leverage and institutional trading activity on XRP-based contracts.

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

All this suggests that the XRP Ledger is undergoing a transformation—shifting from the fringes of blockchain innovation toward mainstream financial utility. The rising activity among users and organizations alike positions the ledger as a strong contender in the evolving digital finance space. With both user adoption and institutional interest peaking, XRP may be entering a new era of adoption, relevance, and resilience.