XRP Ledger has shown no signs of slowing down in user growth, even as the token faced significant selling pressure this week.
According to fresh data from analytics firm Santiment, the blockchain continues to onboard thousands of new wallets daily, with an average of around 7,500 created each day—evidence of sustained interest in the network’s utility and long-term potential.
The peak came on July 17, when over 11,000 new XRP wallets were added in a single day. That surge in activity coincided with a 14.6% price jump, pushing XRP to a new all-time high the following day. However, the rally was abruptly halted after an intense wave of sell orders hit South Korean exchange Upbit, triggering a sharp double-digit drop in XRP’s price.
Despite the setback, XRP has found footing again. After briefly slipping below the psychologically important $3 mark, the token rebounded to $3.26 on Bitstamp. Analysts suggest that the $3.20 level may now act as a short-term support zone as traders reassess their positions.
The broader altcoin market also saw a mild recovery, which likely contributed to XRP’s bounce. Ethereum led the charge, rising 4% and nearing the $3,800 level, while Bitcoin climbed back toward $120,000. This sector-wide upswing indicates XRP’s recovery may be driven more by general market sentiment than token-specific fundamentals.
That said, the sustained expansion of the XRP Ledger’s user base sets it apart. In a volatile environment where price action can be erratic, consistent network growth may signal strong user engagement and growing real-world adoption—two factors that could play a pivotal role in XRP’s long-term trajectory.
While short-term optimism returns, some market observers caution that the recent bounce could be a “dead cat” recovery—temporary and unsupported by lasting momentum. Still, with the Ledger’s activity showing no signs of decline, XRP is firmly in the spotlight as investors watch to see whether the network’s fundamentals can translate into sustained price strength.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/xrp-bounces-off-3-as-ledger-activity-holds-strong/