XRP On-Chain Activity Surges While Price Hovers Near 19-Month Lows

XRP is clinging to the critical $1.00 support level as broader crypto markets face persistent selling pressure. Despite a challenging price environment, on-chain metrics are telling a surprisingly different story — one that hints at growing demand beneath the surface.

The leading altcoin briefly touched a 19-month low of $1.01 on June 25, and currently trades around $1.05, slipping just 0.18% over the past 24 hours. On the surface, the picture looks bleak. But dig into the data, and a more nuanced narrative begins to emerge.

According to analytics platform Santiment, the XRP Ledger recorded 4,941 new wallet creations in a single day — the highest network growth figure in over three months. That kind of user activity during a price slump is not typical of a collapsing asset. It suggests that a segment of the market sees current price levels as an opportunity rather than a warning sign.

Social sentiment has followed suit. Santiment tracked a positive-to-negative comment ratio of 3.7-to-1, representing a three-month peak in bullish social chatter. The $1.00–$1.05 price range appears to be functioning as a dip-buying zone for retail participants. The analytics firm noted that much of this optimism is rooted in XRP's historical tendency to bounce sharply, combined with ongoing institutional and ETF narratives, and evidence that larger holders have been quietly building positions throughout the downturn.

Looking at whale behavior, the data reinforces that thesis. Across all three major large-holder cohorts tracked by Santiment, accumulation accelerated throughout June — even as the token lost roughly 21% of its value. The most active group, wallets holding between 10 million and 100 million XRP, added a combined 160 million XRP during the month, marking the strongest bullish signal among the tracked tiers.

Smaller large-holder categories also added to their stacks. Wallets in the 100,000–1 million XRP range acquired an additional 30 million tokens, while those holding between 1 million and 10 million XRP picked up 20 million more. The pattern is consistent: those with the most skin in the game are treating this drawdown as a buying window.

Institutional interest is also holding steady. US-listed spot XRP ETFs pulled in $22.99 million in net inflows last week, extending a consecutive inflow streak to eight full weeks. The new week kicked off on solid footing as well, with $15.34 million in additional net inflows recorded on Monday alone.

This stands in striking contrast to competing digital asset ETF products. Bitcoin ETFs have now logged seven straight weeks of net outflows, with cumulative losses approaching $7.7 billion. Monday added another $231 million to that total. Ethereum ETFs have similarly been experiencing consecutive weeks of redemptions. XRP ETFs, meanwhile, have not recorded a single day of net outflows since June 3, with only a handful of sessions ending flat.

The key question now, as Santiment framed it, is whether the spike in new wallet activity translates into sustained buying pressure or simply reflects short-term excitement that fades as quickly as it appeared. With XRP pinned so close to the psychologically significant $1.00 mark, the next few trading sessions are likely to determine whether the on-chain demand signals are a leading indicator — or just noise.