Ripple’s XRP Ledger is showing strong growth, with network activity hitting a 5-week high as both price and user interest rise. Active wallets and total holders have reached new levels. But rising exchange supply now raises questions about what comes next.
This spike in activity came as XRP price gained momentum, rising about 10% in just 48 hours and moving above the $1.60 level.
XRPL Network Activity Hits 5-Week High
According to data from Santiment, the number of active addresses surged as the XRP price jumped sharply. On March 16, the XRP Ledger recorded 46,767 active wallets, marking the highest daily activity since February 12.
Meanwhile, higher active addresses usually indicate more transactions and growing interest from both traders and long-term users.
At the same time, the total number of XRP holders reached a new all-time high. Santiment data shows the network now has more than 7.7 million non-empty wallets, the highest level in its 13-year history.
This steady increase suggests that more users are entering the ecosystem and holding XRP, which is often seen as a positive long-term signal.
Exchange Reserves Signal Profit-Taking Phase
On-chain data from CryptoQuant shows a shift in exchange behavior, especially on Binance.
Earlier, XRP ledger reserves on exchanges dropped to around 2.75 billion XRP, as investors withdrew coins for holding. During that period, XRP price surged sharply from about $0.60 to above $3.00.
However, as of March 16, reserves have increased again to around $2.85 billion worth of XRP, meaning more coins are moving back to exchanges. This usually suggests profit-taking or selling pressure.
The next big move will depend on whether reserves start falling again or continue rising.
Rising Activity Supports XRP Price Growth
The rise in active addresses and total holders shows that network usage is growing along with the price.
At present, XRP is trading around $1.53, up 3.24% in a day and nearly 10% over the week. This steady growth reflects increasing interest from both retail and institutional investors.
With strong momentum and improving technical signals, XRP continues to move upward. If this trend continues, the price could soon test the $2 level, which was last seen in January 2026.
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