- Santiment data reveals 1,917 whale transactions of at least $100,000 in a monthly high.
- The creation of 3,647 new wallets signals rising retail network adoption.
- XRP spot ETFs recorded approximately $20 million in net inflows on September 22.
XRP just broke past $1.60 for the first time since February 4, after a big jump in large transactions and a wave of new XRP Ledger wallets being created.
Santiment data shows 1,917 whale transactions worth at least $100,000 each, which is the strongest level of high-value activity in about a month. At the same time, 3,647 new XRP wallets were created, suggesting the rally is bringing more users onto the network.
These are all notable numbers, but some caution is needed too.
The whale activity doesnt prove by itself that large holders are accumulating XRP. Transactions over $100,000 could be buys, sells, transfers between wallets, exchange movements, or just reshuffling positions. What the data does show is that large transactions picked up as XRP pushed through $1.60.
Additionally, a fresh XRP address doesnt always mean a new investor, since people and businesses can hold multiple addresses, and existing users can create additional wallets.
However, the combination of high-value transactions and more wallets being created points to the fact that this rally is indeed bringing real on-chain activity.
XRLP Ecosystem is Growing
The wider XRP Ledger ecosystem has grown considerably too. Earlier this month, it was reported that tokenized assets and RLUSD sitting on XRPL hit about $4.26 billion. In Q2, tokenized assets averaged $3.72 billion, and average RLUSD balances came in at $539 million.
Ripple reported that RLUSD circulation was at about $2.396 billion on September 3, backed by segregated reserves. RLUSD runs natively on XRPL and Ethereum, and its being increasingly positioned for payments, settlement, and institutional finance.
Interestingly, institutional access is likely another part of this rally.
Bitwise filed a post-effective amendment with the SEC on September 18 for its XRP ETF registration. The filing describes an ETF-style product designed to give investors direct exposure to XRP held in the trust.
Also, XRP spot ETFs recorded approximately $20 million in net inflows on September 22, with the Bitwise product accounting for most of that days inflow.
In the end, these developments bring positive news for XRP, but whether that turns into lasting demand depends on whether network activity, capital flows, and institutional involvement keep up after the breakout.
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