XRP Whale Activity Rises as New Wallet Creation Hits Three-Month High

XRP has long been influenced by regulatory developments, institutional flows and risk appetite in the crypto market, with $1.14 emerging as a technical level repeatedly contested by bulls and bears. Although spot ETFs have recorded net inflows for nine consecutive weeks, most holders remain underwater, creating potential selling pressure as they seek to break even during a rebound.

The latest price action showed XRP rising as much as about 3% and breaking above $1.14 on higher trading volume before pulling back to test whether the former resistance level could become support. The latest reports said the price had stalled near $1.14 as trading momentum weakened. A drop below the area could invalidate the breakout, while holding it would support further gains.

XRP is the native token of the XRP Ledger, and $1 serves as both a round-number threshold and a key psychological support level. Holding above that area can help indicate whether selling pressure is easing. Active on-chain addresses and derivatives positions can also show whether a rebound is being driven by increased real-world usage or merely by short-term, highly leveraged capital.

The latest data showed XRP recently holding above $1, while daily active addresses rose 72% over the past two weeks, indicating stronger activity on the XRP Ledger. Contract open interest fell to a recent low over the same period as leveraged long positions were flushed out. As of publication, the market had entered a consolidation phase with cleaner positioning, but there was no clear breakout signal.

XRP remained capped within the $1.18–$1.20 range for an extended period after the market's sharp June sell-off. The latest breakout marks its first clear upside signal in recent months. Because $1.20 is both a key psychological threshold and a technical resistance level, whether XRP can hold above it will shape traders' assessments of the trend and market momentum.

In the latest trading, XRP rose about 8% and broke through resistance at $1.18 and $1.20 in succession, reaching its highest level since the June sell-off. The move was accompanied by a marked increase in trading volume and improving technical indicators. The market will now watch whether $1.20 can become support and whether XRP can advance toward the resistance zone near $1.30.

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, a crypto asset closely associated with Ripple’s payments ecosystem, has recently traded within a narrow range. Despite continued accumulation by spot ETFs and large on-chain wallets, its near-term direction still hinges on whether buying demand can absorb profit-taking. The $1.40 level has therefore become a key line for the market in determining whether bulls or bears take control.

After repeatedly failing to breach resistance between $1.43 and $1.45, XRP fell about 3.3% in its latest pullback to around $1.41 and briefly dipped below $1.40 intraday. Trading volume exceeded its recent average, indicating that sellers remain in control of the short-term trend. A break below $1.40 could extend the decline, while a move back above $1.45 would improve the chances of escaping the consolidation range.

XRP is the native cryptoasset of the Ripple ecosystem and the XRP Ledger, and changes in the number of wallets holding the token are often used to gauge capital flows. The continued rise in addresses holding more than 10,000 XRP suggests that large holders are accumulating during a period of price consolidation, making $1.50 a key resistance level for the next trend.

The latest data show that the number of addresses holding more than 10,000 XRP has reached an all-time high of 332,000. The XRP Ledger also processed a record 71 million transactions in April. Analysts say a decisive break above $1.50 could put XRP on course to target $2 in the next phase.

XRP is the core token of the Ripple ecosystem. U.S. spot XRP ETFs have attracted about $1.1 billion since launching in mid-November 2025, according to SoSoValue. Institutional allocations to XRP have persisted even as flows into Bitcoin ETFs weakened over the same period, pointing to capital rotation within the crypto market.

On February 25, 2026, XRP rose about 6% from $1.34 to $1.42, breaking above $1.40. Bitrue said spot buying volume increased 212% from February 23 to 24 and was more than twice the selling volume. As of April 29, SoSoValue put net ETF inflows for the month at $83.9 million.

XRP is a key crypto asset in the Ripple ecosystem, and its price performance is often influenced by market risk appetite and the activity of large holders. The Sharpe Ratio measures returns relative to the risk taken. A recovery in the metric indicates an improvement in XRP’s risk-reward profile, but does not guarantee that its price will rise.

After several sluggish months, XRP’s Sharpe Ratio turned positive again on March 26. Onchain data also show that whales continued to add to their holdings over the past month, with average daily net inflows of about $9 million. This marks the longest accumulation phase since 2025, and the market is watching whether the buying can drive a price rebound.