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

Highlights:

• XRP Ledger daily users jumped to 29K, rising seven times above recent averages.
• XRP whale wallets topped 2,700, each holding over 1 million tokens.
• The Managing Director of Digital Ascension Group claims XRP could hit $10,000 within two years due to efficiency.

On-chain data from Santiment reveals a major spike in XRP Ledger activity, with daily active addresses soaring to 295,000 last week. This marks a massive sevenfold jump compared to the recent three-month average of just 35K to 40K. The shows renewed interest and rising momentum around the XRP network. 

XRP Whale Wallets Hit Record High

The data further highlights a noticeable surge in the number of large XRP holders on the blockchain. At present, 2,708 wallets each hold 1 million or more XRP. This is the first time in the 12-year history of XRP that so many wallets have reached this level, with each holding roughly $2.25 million worth of XRP. 

📊 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

A surge in XRP whale wallets followed recent remarks by Ripple CEO Brad Garlinghouse. Speaking at the 2025 XRPL Apex event in Singapore, he projected that the XRP Ledger could capture 14% of SWIFT’s liquidity within the next five years. He explained, “SWIFT has two parts: messaging and liquidity. Liquidity is where the power lies. If XRP drives the liquidity layer, it stands to gain significantly.”

Big conversations, bold ideas, real momentum.

Day 2 at @XRPLApex—the largest annual summit for the XRPL community—is underway now in Singapore. 🇸🇬 pic.twitter.com/1qs8oU9cPD

— RippleX (@RippleXDev) June 12, 2025

Garlinghouse shared that fast growth and strong cross-border features support this goal. Institutional interest is also rising, with USDC integration, the Guggenheim partnership, and key upgrades boosting adoption.

At the time of writing, XRP is priced at $2.19, showing a 1% gain over the past day. Throughout the past week, XRP’s price has fluctuated within the range of $2.10 to $2.32. Meanwhile, trading volume has spiked by 251% in the past 24 hours, signaling a sharp rise in investor interest and market activity. Coinglass reports a 1% rise in open interest to $4 billion, while derivatives volume surged 259% to $9.98 billion.

XRP Could Reach $10,000 in 2 Years, Says Crypto Founder

Jake Claver, who leads the Digital Ascension Group, has reignited discussions about XRP possibly reaching $10K. In a video, he explained that if the price of XRP increases, it becomes easier to move large sums of money using fewer tokens. He gave an example originally shared by Ripple’s CTO David Schwartz: To send $1 million, you’d need 1 million XRP if the token is priced at $1. But if XRP is priced at $10, only 100,000 tokens would be needed. And if it reached $1 million, just one XRP would be enough to transfer $1 million. Claver added that the XRP network becomes more efficient as the token’s value rises.

Some XRP supporters believe the price will rise well beyond $2. Jake Claver says XRP is “programmed” to reach $10K. At $2, it lacks enough liquidity to handle $1 trillion transfers. But at $10,000, it could easily manage such large transactions. Claver believes XRP works better at higher prices and could reach $10,000 in the next 24 months, possibly by 2027.

Does XRP need to be a certain price to move large amounts of money? pic.twitter.com/tbqBbvST4y

— Jake Claver, QFOP (@beyond_broke) May 27, 2025