XRP Whale Count Reaches All-Time High: Is a Price Breakout Coming?

XRP is experiencing a sharp increase in whale accumulation, as on-chain data reveals a new record in large wallet holdings. According to blockchain analytics platform Santiment, the number of XRP wallets holding more than one million tokens has surged to an all-time high of 2,708. At the current price of $2.28, each of these wallets holds over $2.25 million worth of XRP, suggesting that institutional players and high-net-worth investors are actively accumulating.

XRP Ledger Sees Massive Spike in Daily Transactions

Alongside this spike in large wallet activity, the XRP Ledger is witnessing a dramatic uptick in daily transactions. Over the past week, the network averaged around 295,000 daily wallet transactions, a staggering 800% increase compared to the previous 90-day average of just 35,000 to 40,000.

📊 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

This level of user engagement signals a renewed interest in XRP from both new and existing participants. This simultaneous growth in whale wallets and daily active addresses suggests that both institutional and retail investors are increasing their exposure to XRP.

The parallel rise in high-value accumulation and retail-level participation indicates growing confidence in the XRP ecosystem. Many analysts view this convergence as a positive signal, possibly pointing toward a strategic market repositioning for the token.

Price Lags Behind Network Growth, But Outlook Remains Positive

Although XRP has climbed to $2.28 up significantly from earlier this year, its price has yet to fully reflect the explosive growth in network activity. Despite this, analysts believe the combined surge in whale accumulation and user activity could signal a broader bullish trend.

Looking ahead, observers expect this momentum to persist. The sustained increase in large wallet holdings and user transactions could be driven by developments within the XRP Ledger or upcoming regulatory shifts impacting Ripple. As more high-value players join the network, the XRP ecosystem could experience even greater traction in the weeks to come.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.