XRP Daily Addresses Explode 7x as Whales Holding 1M+ XRP Reach All-Time High

XRP Ledger activity has surged, driven by a rise in daily users and an increase in whale and shark wallet metrics. A series of proposals to improve the blockchain, along with a wave of institutional partnerships, is powering the uptick in XRPL activity.

XRP Ledger Activity Spikes as Whale Wallets Hit All-Time High

On-chain data from Santiment reveals growing ecosystem activity on the XRP Ledger, fueled by multiple factors. In its latest update shared on X, Santiment highlighted that the number of daily interacting XRP addresses has surged to 295,000 over the past week.

Over the past three months, the average number of daily active addresses on the XRPL hovered between 35,000 and 40,000. Based on this data, daily interacting addresses have increased sevenfold compared to the previous three-month average, signaling a significant spike in on-chain activity.

The data also shows a notable increase in the number of whale wallets on the blockchain. Currently, 2,708 wallets hold at least 1 million XRP. This marks the first time in XRP’s 12-year history that such a large number of wallets have held that much XRP—approximately $2.25 million per wallet.

📊 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 new all-time high for XRP whale wallets comes amid recent bullish remarks from Ripple CEO Brad Garlinghouse. Speaking at the 2025 XRPL Apex event in Singapore, Garlinghouse predicted that the XRPL could capture up to 14% of SWIFT’s liquidity within five years. He cited the ecosystem’s rapid growth and cross-border payment capabilities as supporting factors.

Innovation and Institutional Players Driving Interest

The promising metrics surrounding the blockchain are closely tied to institutional involvement. Ondo Finance is bringing tokenized U.S. securities to the XRP Ledger, while Circle’s USDC has officially launched on the network.

A week ago, the Guggenheim partnered with Ripple to roll out digital commercial paper on the XRP Ledger. Legal expert Bill Morgan noted that the XRPL scored a major win with the Guggenheim partnership.

Beyond institutional buzz, the ledger is preparing for further upgrades to enhance performance. Recently, Ripple CTO David Schwartz proposed a fee update for the XRP Ledger, positioning it as a stronger competitor to Ethereum.

Another driver behind the XRPL’s momentum is the speculation surrounding a potential XRP approval by the U.S. Securities and Exchange Commission (SEC).