XRP Ledger active addresses jump 650% as price pulls back

XRP is pulling back from a strong month, but the network underneath it did something unusual. Active addresses on the XRP Ledger jumped from 47,180 to 356,070 between August 10 and August 24, a 650% surge in two weeks, according to Santiment data cited by Finbold, CryptoNews reported. Analyst Ali Martinez flagged the same spike on X as a signal worth tracking closely. Active addresses count unique wallets that sent or received a transaction in a given window, and a jump that size usually points to activity spread across many holders rather than a single large actor moving funds back and forth.

Earlier August data had already shown daily active addresses climbing 33-35% month-over-month, while new address creation stayed flat. Existing holders are driving the surge, not a wave of freshly created wallets chasing the price. That distinction changes how the number reads. Rising engagement from an established base signals something different than speculative money flooding in for the first time, and it lands while XRP consolidates under a resistance band that has held firm all month.

XRP briefly touched $1.76 last week before stabilizing near $1.50. It now sits at $1.43 after a mild 24-hour retreat. The token added more than $31.27 billion in market cap in seven days, pushing its valuation above $90 billion before the move cooled off.

Traders are watching $1.55 to $1.60 as the level that decides whether the address surge means anything for price. Multiple outlets point to that band as the line XRP needs to clear to confirm the network story carries weight. A break above could open a retest of the $1.76 high from last week.

The base case has price grinding sideways in the $1.40-$1.55 range while the market works out whether the address growth is signal or noise. Losing the $1.00-$1.30 support zone would undo the bullish setup entirely, though current structure puts that scenario a long way off.

• Active addresses: 47,180 to 356,070 (August 10-24), a 650% jump
• Market cap added: over $31.27 billion in seven days
• Peak valuation: above $90 billion
• Recent high: $1.76; current price: $1.43
• Resistance to watch: $1.55-$1.60
• Support floor: $1.00-$1.30

CryptoNews' own research desk is blunt about the limits of the data: rising active addresses correlate with higher participation, but no guaranteed causal link to price exists. Similar spikes in other cycles preceded rallies at times and fizzled out at others, so the desk recommends watching whale transaction flows alongside any attempt at the $1.55 breakout rather than trading the address count alone.

The setup echoes what Intokened covered earlier this month, when XRP jumped past $1.15 on a combination of whale buying and ETF demand. That rally proved short-lived once the buying pressure faded. This time the signal comes from the ledger itself rather than exchange flows, which gives analysts a different angle to test, but it does not guarantee a different outcome for holders watching the chart.

For now, XRP holders get an interesting data point and a market that has not decided what to do with it. The $1.55 level will settle the argument one way or another.

This piece is informational, not a recommendation to buy, sell, or hold any asset.