XRP Network Activity Jumps 655%, Is the ETF Rally Backed by Onchain Demand?
- XRP active addresses have jumped 655% , from 47,180 to over 356,000 total.
- Bitwise’s XRP ETF logged its busiest trading stretch yet, over 200M in volume.
- Cumulative XRP ETF net inflows have now pushed past the $1.55 billion mark today.
XRP network activity surged this week, with daily active addresses on the XRP Ledger climbing from roughly 47,180 to more than 356,000, a jump of approximately 655%, according to data from Santiment. The spike coincided with XRP recovering above $1.50 as broader altcoin momentum picked up.
A Break From the Recent Pattern
For much of the prior period, XRP network activity stayed relatively subdued, with daily readings clustered near the low end of the range. Activity then moved into a distinctly higher range, first approaching 300,000 addresses before crossing 356,000. That kind of spike typically signals a sharp rise in network pa…
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