XRP Ledger Transactions Surge to 2.7 Million as Price Remains Rangebound

The XRP Ledger, or XRPL, is a Ripple-backed blockchain network focused primarily on cross-border payments, asset issuance and decentralized trading. The pace of wallet creation can indicate onchain participation, but a single address does not necessarily represent one new user, so the figure must be assessed alongside trading volume and active addresses. Whether the network’s expansion in 2026 can translate into demand for XRP has become a key focus for the market.

The latest data showed that the XRP Ledger added about 4,300 wallets in 24 hours, its fourth-largest one-day increase of 2026 and a sign of a short-term pickup in onchain activity. XRP, however, has yet to break through key resistance at $1.40. If buying and trading volume fail to persist, the market expects the price could remain rangebound for an extended period, with onchain growth yet to produce a clear rally.

XRP is the native token of the XRP Ledger, and changes in exchange balances are often used by the market to gauge potential selling pressure. Santiment said investors moving XRP to private wallets typically signals less willingness to sell in the short term, although fund flows alone do not guarantee a price increase.

Santiment data showed that about 35 million XRP left exchanges over the past 24 hours, marking the sixth-largest single-day outflow this year. Market analysts said XRP could rise by about 30% by June if previous supply-contraction patterns recur, though broader crypto-market volatility remains a risk.