XRP Ledger Hits Major Milestones in User Activity and Whale Wallets. Is Price Next?

The XRP Ledger (XRPL) has recently achieved two significant milestones. There has been a notable surge in user activity, accompanied by a record number of large XRP-holding wallets. As these indicators suggest growing adoption and institutional confidence, the question is whether the price will follow suit.

📊 The XRP ledger is showing serious signs of growth, from both a usage and key stakeholder perspective.

📈 The amount of interacting $XRP addresses has averaged over 295K per day over the past week. Its normal daily average over the past 3 months was approximately 35-40K.

🐳… pic.twitter.com/RvxE8BSFAg

— Santiment (@santimentfeed) June 16, 2025

One of the clearest signs of this uptick is the spike in user activity. According to a June 17 post from blockchain analytics platform Santiment, the average number of daily interacting XRP addresses over the past week has exceeded 295,000. Notably, this represents a jump of over 637% compared to the three-month average of 35,000 to 40,000.

Whale Wallets Hit Record High. Is Price Next?

For the first time in XRPL’s 12-year history, more than 2,700 wallets now hold at least one million XRP tokens. This rise in high-value accounts suggests growing confidence among institutional players and long-term holders. Such accumulation is often seen as a bullish signal for future network stability and liquidity.

However, this increase in large holdings has yet to translate into upward price movement. Despite the uptick in on-chain activity and interest, XRP’s price has remained relatively stable. Over the last seven days, the token has traded between $2.10 and $2.32. At the time of writing, XRP is priced at $2.19, down 2.2% in the past 24 hours, in line with broader market declines.

XRPL Attracts Institutional Players

Institutional activity is also gathering pace on the XRP Ledger. Guggenheim, a U.S.-based investment manager, has partnered with Ripple to introduce digital commercial paper on the network. 

Meanwhile, Ondo Finance is preparing to bring tokenized U.S. securities to XRPL, further expanding its utility. USDC, the second-largest stablecoin by market cap, is now supported on the ledger, reinforcing its use for stable, on-chain settlements.

Ripple CEO Brad Garlinghouse echoed this momentum during his remarks at Singapore’s 2025 XRPL Apex event. He projected that the XRP Ledger could capture up to 14% of SWIFT’s liquidity flows over the next five years, citing the network’s efficiency and suitability for cross-border transactions.