XRP (XRP) added 4,300 new wallets in a single day, its fourth-largest network-growth spike of 2026, signaling possible renewed interest near $1.35.
XRP Wallet Surge Sparks Reversal Talk
The jump landed over the past 24 hours, with on-chain analytics firm Santiment flagging it as one of the token's biggest network-growth readings this year.
Network growth tracks how many fresh addresses appear on a blockchain, and traders often watch it as an early demand signal.
Santiment said the metric matters because it ranks among the strongest tools for spotting market reversals before they show up in price.
The firm placed the wallet count alongside other on-chain readings that suggest XRP sits in a lower-risk zone than usual.
Still, analysts urged caution. XRP's broader network-growth trend has weakened since late 2025, which makes the latest move look more like a one-day burst than proof of lasting adoption.
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Santiment Analysts See Undervalued Setup
Santiment's Brian Quinlivan described XRP's profitability picture as similar to Ethereum (ETH)'s, but with a deeper drawdown among long-term holders.
He pointed to the token's 365-day market-value-to-realized-value reading near negative 35%, with the 30-day measure back below zero.
Both figures sitting in negative territory, he argued, means the average holder has absorbed losses, which historically marks a less risky entry point.
Quinlivan also noted that XRP's social tone has leaned more negative than its usual baseline, a pattern Santiment treats as constructive from a contrarian view.
That reasoning carries weight because overheated bullishness often clusters near local price tops, while apathy and frustration tend to show up closer to attractive lows. The wallet spike, paired with subdued sentiment, gives both camps something to point to.
Negative MVRV territory has framed XRP for much of 2026. Santiment listed the token in its undervalued zone back in late January, with 30-day readings hovering between roughly negative 3% and negative 6% through the winter months as the price drifted well below its earlier highs. The latest data extends that stretch rather than breaking it, leaving XRP in a familiar holding pattern that the recent wallet burst has yet to resolve.
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