XRP’s recent price surge has catalyzed significant activity in its ecosystem, highlighting both institutional and retail interest in the utility token. The third-largest cryptocurrency by market cap has seen a notable increase in whale transactions and holders count, signaling robust investor confidence. In particular, XRP holders have reached an impressive 5.93 million globally.
Over 2,300 $100K+ XRP transactions in just 8 hours
As XRP’s price reached a seven-year high of $3.39 yesterday, large-scale transactions surged dramatically. According to blockchain analytics platform Santiment, 2,365 whale transactions—those exceeding $100,000—occurred within an 8-hour period on Thursday.
This development marked the highest single-day whale activity on the XRP Ledger network since 3 December 2024. Notably, these whale transactions often indicate that deep-pocketed investors are making significant moves, potentially signaling their confidence in XRP’s long-term prospects.
Meanwhile, the surge in such high-value transactions coincided with XRP’s ongoing attempts to retest its all-time high of $3.84 attained in 2018. Moreover, breaching this level would push XRP into a price discovery phase, a highly-anticipated phase in its bullish run.
Read also: XRP soars despite US SEC’s formal appeal against Ripple.
XRP Ledger welcomes over 500,000 new Wallets in January
In addition to the surging whale activity, the XRPL ecosystem has experienced substantial retail growth in 2025. Over the past two months, the number of non-empty wallets increased by 511,430, bringing the total XRP holders count to 5.93 million.
This impressive surge suggests a growing number of new participants entering the XRP market, said to be driven by its recent price performance and increasing adoption.
It bears mentioning that the rapid increase in new XRP wallets comes shortly after the XRPL ecosystem reduced its base reserve requirement from 10 to 1 XRP.
Technical analysis points to further XRP surge
Adding to the bullish sentiment, XRP has recently broken out of a symmetrical triangle pattern that has been forming since 2018. According to crypto analyst Ali Martinez, such breakouts often lead to substantial price movements.
Martinez’s analysis projects a potential target price of $15, representing a 350.45% increase from the current price of $3. This optimistic and wild forecast further reinforces the bullish outlook for XRP, particularly as its ecosystem continues to expand.
While it remains to be seen whether or not XRP would hit such heights in the current bull market, investors should not forget risk management.
Read also: XRP: Bearish indicators warn of potential 25% price decline in early 2025
In another report by Crypto Asset Buyer, two top chartists submitted that a market value of $4 and $8 is on the horizon for XRP, citing the recent formation of a chart pattern that first played out in 2017 when the cryptoasset jumped by over 11,000%.
Despite a minor retracement to $3.26 at the time of writing, XRP still boasts a 43% increase over the past seven days and a staggering 28% gain over the past 30 days.
Read also: XRP Open Interest surges to all-time high amidst market dump.
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