Surge of 21,000 New Wallets on XRP Ledger: A Sign of Renewed User Interest in the XRP Ecosystem

The XRP Ledger (XRPL) network has recorded a significant surge over the past two days, with more than 21,000 new wallets created within just 48 hours. This marks the highest increase in the past eight months, signaling a resurgence of user activity on one of the oldest blockchain networks in the crypto industry.

On-Chain Activity Soars

According to data from several on-chain analytics platforms, a total of 21,595 new wallets were created on the XRPL network over the last two days. This figure represents the fastest address growth rate since early 2025. Analysts believe the surge is not merely technical but also driven by increased activity on XRPL’s decentralized exchange (DEX). Additionally, several “whales”  large XRP holders  have reportedly begun reducing selling pressure, which could indicate the early stages of institutional accumulation.

Impact on the XRP Ecosystem

The rise in new wallet creation is viewed as a positive signal for network adoption and growing interest from new retail participants.

Some of the key implications include:

• Rising participation from new users, suggesting that XRPL is regaining traction within the broader crypto community.

• Potential long-term accumulation, if the new wallets are being used for genuine purposes such as transfers, tokenization, or DeFi activities, rather than speculative trading.

• Shifting market sentiment, where declining selling pressure from whales could signal the start of a price stabilization phase.

However, analysts caution the market not to interpret this phenomenon as an immediate bullish signal. Although on-chain activity has surged, XRP’s price has yet to show movement consistent with the spike in new wallet creation.

Caution Still Advised

While the growth in new wallets is a positive indicator, not all new addresses necessarily represent active users. Some may belong to bots, technical experiments, or airdrop distributions, which do not reflect organic network expansion. Furthermore, key metrics such as liquidity, transaction volume, and token utility must continue to be monitored to confirm that the increase truly stems from real economic activity within the XRPL network.

The creation of more than 21,000 new wallets in just 48 hours stands as a strong signal that XRPL is once again attracting global crypto market attention. However, determining whether this trend will lead to a price recovery or mass adoption will require further confirmation from actual transaction growth and institutional participation.