XRP Network Activity Hits Two-Month High After Price Rebound

Highlights:

• XRP network activity has reached two-month highs as active addresses and new wallets rose sharply.
• XRP leverage on Binance reached 0.179 as traders returned during the recent price rebound.
• XRP’s chart targets $8 if the multi-year resistance breakout holds.

XRP traded higher this week as the broader crypto market recovered, and the move drew fresh attention to the XRP Ledger. XRP climbed to a weekly high of $1.5487 before sellers pushed it back below $1.50. Market data shows that the rally came with stronger use of the network.

On-chain cryptocurrency analytics firm Santiment on May 16 noted that XRP network activity rose to its highest level in nearly two months. Active XRPL addresses reached 48,453 within 24 hours, marking the strongest daily figure since March 30. Furthermore, network growth increased to 3,317 new wallets, its highest reading since March 19.

📈 The $XRP price surge above $1.54 for the first time in 2 months was enough to help the network erupt to its highest level of on-chain activity since March. The XRP Ledger just had its highest 24-hour period of:

🏃 Active Addresses (48,453: Highest Since March 30)
👶 Network… pic.twitter.com/iInHHdei5P

— Santiment Intelligence (@SantimentData) May 15, 2026

Price Rally Draws More Users to the XRP Ledger

The latest rise followed renewed investor interest after XRP moved above $1.54 for the first time in two months. According to Santiment, the price increase likely encouraged more users to interact with the ledger. Moreover, the jump in wallet creation showed that new participants returned as market sentiment improved.

New wallet growth had stayed weak through much of May. The figure moved gradually higher from late April before falling near the low 2,200 range on May 10. However, activity recovered the next day and continued rising until it reached 3,317 new wallets.

The increase also lifted the total number of activated XRP Ledger accounts. Current data places activated accounts at 7,856,080, putting the network closer to the 8 million milestone. Therefore, the latest growth adds another sign of rising participation across the XRPL ecosystem.

XRP Traders Return as Binance Leverage Ratio Climbs Sharply

Amidst the rise in XRP network activity, traders have increased leveraged exposure on Binance as the token rebounded. CryptoQuant analyst Arab Chain reported that Binance’s XRP Estimated Leverage Ratio climbed near 0.179, marking its highest level in almost two months.

تشير بيانات مؤشر Estimated Leverage Ratio على منصة Binance إلى ارتفاع ملحوظ في مستويات الرافعة المالية داخل سوق المشتقات، حيث ارتفع المؤشر إلى نحو 0.179، وهو أعلى مستوى له منذ ما يقارب شهرين، بالتزامن مع تداول عملة XRP قرب مستوى 1.48 دولار.وتُظهر البيانات اتجاهاً صاعداً واضحاً في… pic.twitter.com/OZT19HlfDO

— Arab Chain (@ArabxChain) May 16, 2026

The move came as XRP recovered toward the $1.48 range after weeks of weaker market activity. Moreover, the steady rise in leverage followed a quiet period that began in mid-March, when derivatives demand remained low.

The latest increase shows stronger futures activity as traders position for sharper short-term moves. However, the rise also reflects growing confidence around XRP’s recent price recovery. Arab Chain said fresh liquidity likely came from traders expecting further gains or higher volatility. However, higher leverage can sharpen volatility when traders crowd into similar positions.

XRP Chart Shows $8 Target After Handle Formation

Crypto analyst ChartNerd has noted that XRP’s long-term chart still tracks an eight-year cup-and-handle setup under major resistance. The cup appears complete, while the handle formed after the previous all-time high. The chart places XRP near $1.46, with downside support around $0.89 at the 0.5 Fibonacci zone below.

What if $XRP is forming a multi-year cup & handle under 8 years of resistance with significant macro future upside potential waiting ahead 👇🏼

With the cup complete and the handle likely in formation since the ATH, price may seek a Gaussian Channel retest to mark a periodic… pic.twitter.com/UcqfAKSNUu

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) May 15, 2026

The analyst has also highlighted repeated Gaussian Channel retests, which marked earlier macro bottoms inside the pattern. Similar retests appeared in 2017, 2020, and 2024. Moreover, Fibonacci extensions on the chart point toward $8, then higher levels near $11 and $16 if resistance breaks.

At the time of this writing, XRP was trading around $1.40, down by more than 2% following the broad market downturn. Its market cap and trading volume have declined to $87 billion and $1.90 billion, respectively.