XRP Ledger daily users skyrocket 7x to 295k in a dramatic spike

XRP Ledger daily users have exploded by over 7x, skyrocketing from 35,000 to nearly 295,000 in just one week.

This dramatic spike in XRP Ledger daily users signals a powerful resurgence in network interest, raising questions about whether XRP Ledger daily users are driving the next big price move.

In a major display of renewed interest, XRP Ledger daily users surged by over 7x in the past week, jumping from just 35,000 to a staggering 295,000.

This sudden spike in interaction on the XRP Ledger is turning heads across the crypto world, with analysts speculating whether a significant price move could follow.

XRP Ledger daily users have become a hot topic among on-chain watchers, and the scale of this increase suggests far more than routine blockchain activity.

According to Santiment, the respected analytics platform, this jump marks one of the largest usage spikes in XRP Ledger history — and it’s happening at a time when XRP’s price action appears ready to erupt.

Whale Watch: Confidence surges among big players

The surge in XRP Ledger daily users isn’t happening in isolation. Data also shows that whale wallets holding over 1 million XRP have reached an all-time high of 2,700 — a signal of growing confidence among institutional and high-net-worth investors.

“Large holder activity typically precedes price volatility,” said blockchain strategist Ali Martinez. “When the whales move, the market often follows — and this applies to the XRP Ledger daily users trend we’re seeing.”

These high-value wallets may indicate strategic accumulation, long-term confidence, or preparation for yield-generating mechanisms such as staking and lending.

At press time, XRP is trading at $2.2373, posting a 2.7% gain on the day. While the broader crypto market remains in consolidation mode, XRP Ledger Daily Users activity and whale interest have helped sustain XRP’s positive momentum.

Technical analysis confirms the sentiment: on the daily chart, XRP’s RSI hovers around 53 — a neutral zone that leaves room for upside — while the MACD just flipped bullish.

On the 4-hour chart, the token bounced off local support at $2.21, with bulls potentially eyeing a move toward $2.30.

Derivatives markets ignite: Short-term speculations heat up

Adding to the volatility, XRP derivative markets have exploded. Coinglass reports:

•Open Interest: Up 3% to $4.02 billion

•Derivatives Volume: Spiked nearly 300% to $9.57 billion

•Trading Volume: Jumped 248% in the last 24 hours

Such spikes typically reflect aggressive short-term speculation. And while that can trigger whipsaw movements, the combination of rising XRP Ledger daily users and whale wallet growth suggests there may be real, sustained activity behind the scenes.

Another layer of bullish momentum comes from institutions. On June 11, publicly traded firm VivoPower announced a partnership with Flare Network to generate yield from XRP holdings.

Earlier in May, VivoPower invested $121 million in XRP as a long-term reserve asset, marking the first publicly listed company to do so.

“We view XRP as a core part of our crypto treasury,” said VivoPower CFO James Alexander, “and are actively seeking partnerships that help us generate passive yield without risking liquidation.”

The use of the XRP Ledger for real-world yield generation further validates the spike in XRP Ledger daily users.

What’s next after the XRP Ledger daily users surge?

With nearly 300,000 XRP Ledger daily users, market attention is shifting. If the network can sustain this growth and if whale wallets continue to accumulate, the groundwork for a breakout could be forming.

For now, XRP needs to hold above the $2.21 support to maintain upward momentum. Should XRP Ledger daily users continue rising, price action could soon follow.

The meteoric rise in XRP Ledger daily users is more than just a stat, it’s a pulse check on the network’s growing relevance.

Combined with whale activity, institutional adoption, and high-volume derivatives trading, this surge may be the precursor to XRP’s next major move. Traders and investors would be wise to keep watching this metric.