XRP’s price action on spot exchanges has continued to weaken toward the end of January. The token has dropped below $1.9, putting the year’s most important support level under serious threat. Despite the bearish price trend, on-chain data from the XRP Ledger (XRPL) has reached several notable record highs.
These new milestones give analysts reason to expect that XRP could soon stage a strong rebound.
Sponsored
3 Key Records the XRP Ledger Set in January
This month, many investors have increased selling pressure by moving XRP onto exchanges and offloading their holdings.
This behavior has pushed XRP reserves on major platforms such as Binance and Upbit sharply higher. As a result, XRP’s price has fallen below $1.9.
At the same time, large players appear to be treating the decline as a buying opportunity.
Data from Santiment, an on-chain analytics platform, show that for the first time since September 2025, the number of wallets holding at least 1 million XRP has begun to rise again.
The chart indicates that 42 new wallets of this size have returned to activity on the ledger since the start of the year. At today’s XRP price, each wallet is worth at least $1.8 million.
Sponsored
This development is widely seen as a bullish long-term signal. If selling pressure weakens while whale accumulation continues, XRP could recover sooner than expected.
“A net of +42 wallets with at least 1M $XRP have returned to the ledger, an encouraging sign for the long-term,” Santiment reported.
The second major record comes from activity on decentralized exchanges.
According to CryptoQuant, the 14-day average number of DEX transactions on the XRP Ledger has reached 1.014 million, breaking above a ceiling that had held since early 2025.
Sponsored
This surge may reflect Ripple’s ongoing expansion of institutional and national partnerships over the past year. These efforts have aimed to increase adoption and real-world use of the XRP Ledger.
The chart suggests this is not just a short-term spike. The moving average confirms a steady upward trend in trading activity.
The rise highlights growing demand for token swaps and DeFi interactions across XRPL.
“Historically, breaking such a long-standing resistance in on-chain activity often correlates with renewed market interest and potential positive price action for the native asset,” CryptoQuant analyst CryptoOnchain commented.
Sponsored
Additionally, a comparison of XRP’s transaction volume and price may indicate an early recovery.
Data from Artemis shows that XRP’s daily chain transactions have exceeded 2 million, reaching 2.5 million at certain points this month.
Historical patterns reveal two similar periods in 2025 when transaction counts surged above 2 million. The first occurred between January and March 2025, and the second between June and July 2025.
Both phases were followed by explosive price moves. XRP formed a “god candle” rally above $3, and it reached an all-time high of $3.6 in July. Because of this, the recent return of strong on-chain activity may suggest the potential for another similar breakout.
These records do not guarantee that XRP will avoid further downside, especially given the broader negative sentiment across the crypto market. However, they note that the XRP Ledger’s underlying fundamentals remain strong. This sustained network growth continues to support confidence in a possible recovery ahead.
Source: https://beincrypto.com/records-set-by-the-xrp-ledger-in-jan/