XRP Aims Higher as New Wallet Creation Spikes to 14-Week High

XRP is seeing a boost in on-chain activity despite its price underperformance, fueling speculations of an imminent price move.

June marked the biggest monthly correction for XRP since February 2025. The token declined by 22% last month, continuing its retest of lower prices after hitting a peak of $3.66 in July 2025. Nonetheless, while prices remain weak, recent on-chain activity is feeding the optimism that things might temporarily change for the good.

New XRP Wallets Spike

Santiment data shows that new wallet creations on the XRP Ledger recently spiked. In a single day, 4,941 new addresses were added to the network, the highest level of adoption and user traction in 14 weeks.

Accompanying this is the surge in bullish sentiment. Per Santiment, there were 3.7 bullish XRP comments per 1 bearish XRP comment on social media. Interestingly, the ratio of XRP positive to negative comments is at a 3-month high, with market participants viewing the current dip as a buying opportunity.

The combination of rising new wallet creation and bullish sentiment suggests dip buying. The current level near the $1 support appears compelling because of its favorable risk-to-reward, so users appear to be loading up the asset.

Also, a surge in daily active XRP addresses further confirms this renewed momentum on the XRP Ledger. Recent data shows a 36% increase in the number of addresses active on the Ledger per day, reinforcing network growth. While some analysts claim it could be whales selling, on-chain data continues to reveal that it might be a dip-buying attempt.

XRP Clings to $1 Despite Strong ETF Inflows

Another positive for XRP is the persistent inflows from the US XRP spot ETFs. The Bitcoin and Ethereum spot ETFs have struggled lately, but capital seems to be rotating into the XRP funds, reflected in their outperformance.

Although the XRP ETFs recorded an outflow of $2.83 million on June 30, it was only their second net daily outflow of the month. Institutional traction remained consistent for the investment vehicles in June, resulting in a net inflow of $59.5 million. BTC and Ether ETFs recorded net outflows of $4.51 billion and $529 million during the same period.

However, the XRP price continues to trade near the $1 support, with very little upward momentum. Analysts are now closely observing if these bullish factors will start to reflect in the asset’s price action.

From a technical perspective, XRP trades below the 20-day EMA at $1.10 and the 50-day EMA near $1.20. These two levels are the critical resistance to watch should the price start to move on the network growth and ETFs demand catalysts. Reclaiming these levels opens the path to reaching the 100-day and 200-day EMAs at $1.30 and $1.51.

Downward risks remain despite the optimistic developments. Losing the $1 support, if bears continue to control prices, could see XRP reach lower prices. The $0.80 and $0.62 supports come into focus in this event.