The XRP Ledger has seen a remarkable uptick in user engagement and institutional interest over the past week, with daily active addresses surging over 7x over the last four months and whale wallets hitting an all-time high.
This sharp growth in usage coincides with volatile trading activity and notable developments involving XRP reserves by publicly listed companies.
At the centre of this growth is a sevenfold increase in daily activity — a jump from an average of 35,000 active addresses to more than 295,000 — driven by both retail traders and high-value holders positioning ahead of anticipated price shifts.
Whale wallets and strategic reserves expand
Data from Santiment confirms that whale wallets holding more than 1 million XRP have climbed to 2,700 — the highest in the ledger’s 12-year history. This increase signals growing confidence among high-net-worth individuals and institutions.
📊 The XRP ledger is showing serious signs of growth, from both a usage and key stakeholder perspective.
📈 The amount of interacting $XRP addresses has averaged over 295K per day over the past week. Its normal daily average over the past 3 months was approximately 35-40K.
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The rising count of large holders follows a strategic move by VivoPower, a public company that recently revealed it had placed $121 million into XRP as part of its corporate treasury.
On June 11, VivoPower further expanded its exposure by partnering with the Flare blockchain to earn yield on its XRP holdings without converting them into fiat.
The announcement underscores a shift in institutional treasury management, suggesting that some firms may see XRP not just as a speculative asset but as a long-term reserve vehicle capable of generating passive returns.
Price action and derivatives market heat up
XRP is trading at $2.2373 at the time of writing, showing a daily gain of 2.7%. The price has fluctuated between $2.10 and $2.32 over the past week.
Market activity has intensified sharply, with trading volumes spiking 248% in the past 24 hours alone.
Derivatives open interest has climbed 3% to $4.02 billion, while derivatives volume soared nearly 300% to $9.57 billion.
These figures point to a burst of speculative activity in the derivatives market. While this doesn’t necessarily imply long-term accumulation, it does highlight a short-term focus among traders betting on potential breakouts.
If momentum continues, it could drive significant volatility in either direction.
Technical indicators show mixed signals
Despite the uptick in volume and activity, XRP’s technical outlook remains mixed. On the daily chart, the relative strength index (RSI) sits at 53, suggesting neutral momentum.
The moving average convergence divergence (MACD) indicator has shown a bullish crossover, hinting at short-term upward momentum.
However, the four-hour chart presents a more cautious picture. After briefly touching $2.35, XRP pulled back, with RSI falling to 42 and MACD turning bearish.
Price action has dipped into the lower Bollinger Band region, showing signs of soft support around $2.21.
Holding this level will be key for any sustained bullish move.
On shorter timeframes, the 1-minute chart shows tight consolidation between $2.23 and $2.24, with both RSI and MACD flattening.
The lack of momentum here confirms indecision among intraday traders.
Should the token maintain support above its 20-period simple moving average (SMA) on the four-hour timeframe, a retest of $2.30 may be likely.
If support breaks, the downside could extend to $2.10.
Institutional demand and on-chain signals converge
The combination of surging whale addresses, heightened on-chain activity, and public treasury holdings makes XRP a project of interest for market watchers tracking institutional behaviour.
The recent partnership between VivoPower and Flare Blockchain also points to a growing ecosystem around yield generation via crypto assets, particularly those with relatively stable historical performance like XRP.
While the short-term technicals suggest caution, the broader increase in wallet activity and trading volumes indicates that XRP remains in focus, not just as a trade, but increasingly as a strategic asset.
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