XRP Records Over 21K New Wallets in 48 Hours Despite the XRP Price Struggle

• XRPL recently recorded 21,595 newly created XRP wallets, highlighting its network expansion.
• XRP struggles at $2.2, but new user momentum and ecosystem developments could fuel a future price rally.

The XRP Ledger (XRPL) has seen a spike in network activity despite XRP’s price still in a downtrend. The XRP price crashed to $2.2, down more than 4% over the past 24 hours.

XRPL Records Highest Growth in 8 Months

Meanwhile, Santiment, a leading crypto analytics platform, noted a surge in newly created XRP wallets on XRPL.  

According to Santiment, 21,595 new XRP wallets appeared on the XRP Ledger in just 48 hours. This is the fastest two-day surge in new users the network has seen since March 2025, marking an 8-month high.

The creation of new wallets can potentially introduce new money into the ecosystem. Each new address corresponds to a real new user or institution that has entered the network. Also, each wallet is a fresh address that has never received or sent funds.

When thousands of new wallets pop up in 48 hours, it usually means retail buyers, institutions, or developers are jumping in, likely buying the dip.

Notably, the XRP Ledger, initially launched in 2012, recently surpassed 100 million ledgers, a huge milestone for the network.  

The growth of XRPL is thanks to validators, node operators, infrastructure providers, builders, apps, users, and the XRP community.

In a previous article, we discussed that the XRPL RWA market cap surged to a new high of $364 million in Q3, 2025. Also, the Ledger burned approximately 14.2 million XRP as of Q3 to maintain network integrity.

In another big move, Brale announced that regulated USD-backed stablecoins are now live on XRPL. As noted in our earlier post, this is a major step toward integrating compliant digital assets into Ripple’s payment ecosystem. 

Are XRP Investors Buying the Dip?

Despite the strong network growth of XRPL, the platform’s native token, XRP, is still struggling to recover from recent lows.

The Ripple-backed coin continues to slide after failing to reclaim the upper boundary of its descending structure. XRP also formed a triangle pattern and broke below key supports, confirming the bearish momentum.

As of this writing, XRP was trading at $2.2, down more than 4.6% over the previous day. Additionally, XRP has declined by 11.56% and 23.3% over the past week and month, respectively.

Likewise, the daily trading volume dropped 12.8% to $5.1 billion, suggesting a reduction in interest from retail investors.

Meanwhile, traders are scooping up cheap coins following the recent market sell-off. Their action is possibly responsible for the spike in newly created XRP wallets on XRPL.

Typically, when traders buy the dip, they create increased demand, which can help to stop the price decline. Thus, if enough capital flows in, XRP could initiate a price rebound to new highs.

If the new-user momentum holds, analysts see XRP reaching between $2.60 and $2.85 in the short-term, and over $3 by month-end.