XRP Ledger saw a surge in the number of new addresses in the past 24 hours. However, overhead resistance at the $1.40 mark kept the XRP price (XRP).
The key takeaways
- XRP Ledger has added 4300 wallets within 24 hours. This is the largest growth spurt on the network since 2026.
- Price recovery of XRP could be hindered by resistance around $1.40. This will likely lead to a long consolidation.
The XRP Ledger will see the fourth largest growth in 2026
The XRP Ledger has recorded its highest growth of the year, after adding 4300 new wallets to the system within 24 hours. “fourth largest spike of 2026,” Santiment, according to
Related: XRP price may explode to $15 amid ‘quiet accumulation,’ analyst claims
In the chart below, we can see that new XRP wallets have increased from 2,500 to 4300 since May 19, a significant increase. Daily active addresses also increased, from 32,000 in May to 43.520 on the 20th.
“XRP is seeing one of its largest network growth stretches of the year,” The market intelligence company said Additions to a Thursday posting on X
“Network growth is among the top leading signals to identify reversals.”
XRP Ledger growth and active addresses. Source: Santiment
“When wallets rise like this, smart money pays attention,” Amonyx, Analyst commented, adding:
“$XRP reversal signal?”
Niroshan682: Fellow Analyst said New wallets are often created. “early signal of new network participation,” It is especially noticeable when this occurs alongside growing institutional adoption The ETF market is booming.
After this month’s inflows, US-based spot ETFs made up about 1.34% the total XRP supply. In May alone, about $107.3 millions worth of ETFs has been traded. Thursday’s $8.8-million net inflows marked the 12th day in a row of positive flow.
The cumulative assets under management (AUM), which includes the inflows, have risen to more than $1.15 Billion.
Chart of Spot ETF flows. Source: SoSoValue
Despite these positive fundamentals, XRP/USD is down 1.5% over the last 24 hours, and remains 62% below its $3.66 multi-year high reached in July 2025.
XRP faces stiff overhead resistance
XRP’s recent 21% rise from its local low of $1.27, reached on 5 April, stalled around $1.55. It coincided with $1.55 being the upper limit to a range which had been capping the price movement since early February.
To confirm the breakout of consolidation, bulls need to push the price over the resistance zone between $1.40 and $1.55. The chart shows that this zone is also defined as the area between the simple moving (SMA) 50 days, the SMA 100 days and the SMA 100 days.
Source: Cointelegraph/ XRP/USD chart daily Source: Cointelegraph/TradingView
The following is a list of XRP’s cost-basis distribution dataInvestors hold about 3.75 billion XRP on average at a cost between $1.37 and $1.45, creating a possible resistance zone.
The concentration of investors could mean that many will sell at the break-even point, halting XRP’s momentum.
XRP cost basis distribution chart. Source: Glassnode
A second zone of supply congestion is located higher, between $1.68 and $1.70. This area was where investors purchased approximately 3.8 Billion XRP. According to Crypto Michael, this level is the upper limit of a rising wedge pattern that sets up the pair XRP/USD for a breakout.
It is important to note that the weekly closing above the upper trendline of the wedge could pave the way for an uptrend towards the calculated target, which would be $3.52 or about 50% more than current prices.
Weekly chart of XRP/USD. Source: Crypto Michael. Source: Crypto Michael
Cointelegraph reportedBuyers will need to move XRP/USD over the trendline of $1.40 for a return, and a closing above $1.61 could confirm a possible trend change.
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Source: cointelegraph.com
