XRP Ledger Activity Surges While Price Hits $1.55, Large Wallets Reach Record High
May 16, 2026
The XRP Ledger has seen a surge in activity as the price of XRP surpassed $1.54, marking its highest level of engagement since March. Santiment reported a total of 48,453 active XRP wallets, the largest number seen since the end of March. Additionally, network growth experienced an increase of 3,317 new XRP wallets, the most significant rise since March 19. Detailed data from Santiment displayed a correlation between XRP price movement, daily active addresses, and network expansion, all of which saw a notable uptick in response to the price surge.
The rise in wallet activity has provided valuable insight into the recent actions seen in XRP pricing. Daily active addresses indicate a higher level of interaction within the XRP Ledger, while network growth reflects the creation of new wallets. Collectively, these metrics suggest a broader increase in user participation following the recent price movement. The critical question now lies in whether this heightened activity will be sustained even after the surge in price diminishes.
Coinciding with the rise in XRP pricing, larger XRP holders have been accumulating more tokens as the price surpassed $1.50. As of May 14, Santiment revealed that wallets containing a minimum of 10 million XRP collectively held 45.83 billion XRP, equivalent to about $68.5 billion. These significant wallets now make up 68.5% of XRP’s total supply, marking their highest accumulation since May of 2018. Despite the prevailing market volatility and uncertainty, the trend of accumulation has persisted among larger XRP holders.
Santiment emphasized the importance of the continued increase in XRP Ledger wallets containing at least 10,000 XRP. This trend indicates that major holders have continued to accumulate XRP, even amidst fluctuating market conditions. Notably, a sharp decline in the number of wallets holding over 10,000 XRP occurred between February 6 and February 8, following a widespread crypto market crash on February 5. However, since then, the number of wallets with substantial holdings has rebounded beyond previous levels, signaling a renewed accumulation among larger holders.
As of the latest update, XRP is trading at $1.43. Sustained wallet growth and increased participation following recent price movements could provide essential support for XRP if user engagement remains strong post-rally. With increased activity in the XRP Ledger and a growing number of large holders accumulating tokens, the future of XRP remains intriguing as market dynamics continue to evolve.
