The crypto market is trying to recover from the latest crash, which has broken the levels maintained for the past 6 months. In the times when the top 2 tokens, Bitcoin and Ethereum, plunged below the October lows, XRP price has rebounded more than 12% from the November lows. This could happen with immense bullish support, which has been reflected in the trading volume as well. This suggests the rising interest of the market participants, keeping the bullish possibilities higher.
XRP Network Growth Hits Highest Level Since January
The XRP Ledger (XRPL) is seeing a massive surge in new wallet creation, marking its highest network growth since January 2025. According to on-chain data from Santiment, over 21,595 new XRP wallets were created within just 48 hours, signaling renewed interest and potential accumulation among users. This spike in network activity arrives as XRP price continues to consolidate near key support levels, leaving traders speculating whether this on-chain momentum could fuel the next price rebound.
Data from Santiment shows that XRP’s network growth—a metric tracking the number of new addresses interacting on the ledger—has surged to levels not seen in nearly ten months.
Such spikes are often interpreted as early indicators of renewed investor participation, reflecting both retail activity and possibly fresh developer interest in the XRP Ledger ecosystem.
“21,595 new XRP wallets have been created in just 48 hours,” Santiment noted, highlighting the strongest address growth since early 2025.
Historically, wallet creation bursts have preceded heightened price movements for XRP, suggesting a potential shift in market sentiment as user adoption rises.
XRP Price Struggles to Reclaim Momentum Amid Market Correction
While network activity is soaring, XRP’s price has remained relatively muted. The token recently fell to around $2.06, mirroring broader crypto market weakness after Bitcoin’s decline below the $100K mark. XRP has since rebounded slightly but remains capped under the $2.4 resistance level, which traders view as the next key breakout zone. If price momentum builds above this threshold, XRP could confirm a short-term bullish reversal.
The XRP/USDT daily chart shows XRP struggling to sustain above the $2.30 support zone, with repeated rejections from the $2.60 resistance level. If bulls defend the current range, a rebound toward $2.59 and potentially $2.80 could follow. However, a close below $2.29 might trigger further downside toward $1.91, and deeper support near $1.62. The declining volume suggests reduced buying pressure, but the recent wallet surge may hint at early accumulation. Traders should watch for a daily close above $2.60 to confirm a short-term bullish reversal.
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