The XRP Ledger (XRPL), the blockchain network that powers Ripple’s XRP token, recorded an impressive 21,595 new wallets in just 48 hours, marking its largest growth rate in eight months, according to on-chain analytics firm Santiment.
$XRP network activity is accelerating✅‼️
Over 21,000 new wallets created in 48 hours, marking the fastest growth in 8 months?? pic.twitter.com/MZyyN3mzx9
— XRP Update (@XrpUdate) November 7, 2025
This surge signals renewed investor interest in XRP despite a broader crypto market downturn, fueled by institutional adoption, stablecoin expansion, and Ripple’s ongoing corporate momentum.
XRP Wallets Cross 7.22 Million — Nearing the 7.5 Million Milestone
With the recent influx, the total number of XRP wallets has now surpassed 7.226 million, data from community tracker XRP Rich List shows. The network is now approaching the 7.5 million wallet milestone, underscoring growing user participation in the XRP ecosystem.
Between October 6 and November 6, the XRP Ledger consistently processed 1.3 to 1.9 million daily transactions, reinforcing the blockchain’s reputation for high throughput and enterprise-grade reliability.
According to Santiment’s analysis, investors who bought during XRP’s recent dip earned an average 12% return within 24 hours, suggesting potential accumulation at lower price levels.
XRP Rebounds 14% After Market Slump
XRP price temporarily dropped to around $2.06, its lowest level since June 27, amid a broader crypto pullback. However, the token has since rebounded between 12% and 14% from November lows, showing signs of a technical recovery and renewed investor confidence.
? XRP's price has bounced back, and users who bought the dip have enjoyed a nice +12% jump in the past 24 hours. Notably, XRP Ledger data indicates there were 21,595 new $XRP wallets created in a 48-hour span in the past couple days, the highest level of growth in 8 months. pic.twitter.com/vkGLwLJjrk
— Santiment (@santimentfeed) November 5, 2025
Analysts attribute the uptick in wallet creation and price recovery to a mix of institutional interest and the growth of Ripple’s new stablecoin ecosystem.
Institutional Adoption and RLUSD Stablecoin Drive Growth
The recent expansion in XRP Ledger activity coincides with Ripple’s strategic focus on institutional finance. The company recently launched Ripple Prime, an over-the-counter (OTC) trading and liquidity platform for U.S. institutional clients , built on technology acquired through its April purchase of Hidden Road.
So far, more than 300 institutional clients have joined Ripple Prime, gaining access not only to crypto trading but also custody, cross-border settlement, and liquidity management services.
In parallel, Ripple’s U.S. dollar–backed stablecoin, Ripple USD (RLUSD), has reached a market capitalization of $1 billion, ranking 11th globally among stablecoins.
Ripple CEO Brad Garlinghouse reaffirmed that XRP remains the core of Ripple’s business model, emphasizing the token’s strategic value in powering cross-border payment solutions and institutional-grade blockchain applications.
“XRP continues to sit at the center of everything we build — from payments to tokenized liquidity,” Garlinghouse said in a recent statement.
Broader Market Context
The XRP Ledger’s expansion stands out amid a sluggish crypto environment, suggesting a shift toward network fundamentals and enterprise adoption. With Ripple pushing aggressively into regulated markets and expanding its stablecoin ecosystem, analysts expect XRP’s on-chain growth trend to continue into early 2026.
