XRP big wallet hits new record, bullish signal? Here’s what analysts say!

Jakarta, Pintu News – The latest on-chain data shows an increase in the number of large Ripple (XRP) wallets reaching a new record high. This rise has coincided with a surge in activity on the Ripple (XRP) blockchain, signaling significant growth potential within the network. This analysis, conducted by analytics firm Santiment, provides deep insight into the distribution of supply and daily active addresses.

Supply Distribution: Large Wallets Grow

According to Santiment, there has been a significant increase in the number of wallets holding more than one million Ripple (XRP). Currently, there are 2,708 wallets that fall into this category, a number that has never been reached before. This rise in the number of large wallets shows that investors with large funds are starting to expand their presence on the Ripple (XRP) network.

Large holders, often referred to as sharks and wahle, have a strong influence in the network due to the number of coins they own. The behavior of this group is very important to observe as it can give an indication about the market sentiment among large investors.

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Daily Activity: Active Address Surge

In addition to the increase in large wallets, Ripple (XRP) has also seen a surge in the number of daily active addresses. On average, there were 295,000 addresses involved in transactions every day during the last week, a drastic increase from the 35,000 to 40,000 figures in the last three months.

This shows a significant increase in activity on the network, which could be an indicator of growth or increased interest from users. This spike not only reflects the activity of large investors, but also shows that smaller entities, such as retail investors, are also very active. The balance between these two groups is important for the overall dynamics of the network.

XRP Price Implications

With all these indicators showing growth, the price of Ripple (XRP) briefly reached $2.33 yesterday. However, the bullish momentum seems to have subsided as the price dropped back down to $2.20. Nonetheless, this positive on-chain data could give investors some hope about the potential for future price increases.

It is important to monitor how these dynamics will affect the price of Ripple (XRP) in the long run. Investors and analysts should keep a close eye on these indicators to make informed investment decisions.

Conclusion

An increase in the number of large wallets and a spike in daily activity indicate strong growth in the Ripple (XRP) network. Despite a brief price drop, these indicators provide a possibly bullish signal for the future of Ripple (XRP). Investors are advised to keep monitoring these developments to capitalize on the market’s potential.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Bullish Shark Whale Sets New All-Time High. Accessed on June 19, 2025
• Featured Image: Crypto Times