XRP Sees Massive Surge in User Activity as Whale Wallets Reach Record Numbers

The XRP Ledger (XRPL) has recently experienced a significant uptick in activity. Data from on-chain analytics platform Santiment shows that the number of daily active XRP addresses has skyrocketed to 295,000 — a sharp increase from the three-month average of just 40,000. This nearly sevenfold growth in less than a week signals a substantial rise in user engagement with the network.

Adding to the bullish momentum, whale wallet holdings have reached an all-time high. There are now approximately 2,700 wallets each holding over 1 million XRP, equating to about $2.25 million per wallet. This is the highest concentration of large XRP holders since the cryptocurrency’s launch over a decade ago, indicating rising confidence from institutional and high-net-worth investors.

The positive sentiment around XRP was further bolstered by comments from Ripple CEO Brad Garlinghouse at the 2025 XRPL Apex event in Singapore. He stated that the XRP Ledger has the potential to capture up to 14% of SWIFT’s liquidity within five years, citing the network’s efficiency and capabilities for cross-border payments.

Institutional involvement is also increasing. Ripple has partnered with Guggenheim to bring digital commercial paper to XRPL. Additionally, Ondo Finance is set to launch tokenized U.S. securities on the network, and Circle’s USDC stablecoin is already live on the ledger.

On the technical front, Ripple’s CTO David Schwartz has proposed fee structure changes aimed at enhancing XRPL’s competitiveness with platforms like Ethereum. Speculation is also mounting about a favorable decision from the U.S. SEC, potentially offering further validation for XRP.

With rising user activity, growing whale holdings, and increased institutional adoption, the outlook for the XRP Ledger appears stronger than ever.