XRP Wallet Growth Hits 8-Month High, Signaling Renewed Market Interest
According to leading on-chain analytics provider Santiment, the XRP Ledger has experienced a remarkable surge in activity over the past few days. Data reveals that 21,595 new XRP wallets were created within a 48-hour period, marking the highest growth level in eight months.
This spike in wallet creation suggests renewed interest in XRP and may indicate increasing adoption among retail investors and crypto enthusiasts.
New wallet creation is a key on-chain indicator of rising user engagement. While wallet numbers don’t directly track trading volume or price, they reflect growing network participation. Santiment’s data shows this recent surge in XRP wallets surpasses the year-long average, hinting at a potential shift in investor sentiment toward XRP.
Wallet growth often signals broader market trends. Historically, spikes in XRP Ledger wallet creation have aligned with higher transactional activity and occasional bullish momentum. The current surge, amid XRP’s steady recovery from consolidation, intensifies speculation about near-term price upside.
Ongoing XRP ecosystem developments, spanning strategic partnerships, enterprise adoption, and expanding DeFi applications, are drawing new participants to the network. At the same time, broader crypto market trends, often shaped by Bitcoin and Ethereum, are prompting investors to diversify into established altcoins like XRP.
Senate Committee Prepares to Vote on CLARITY Act Before Thanksgiving
Senate Agriculture Committee Chair John Boozman announced that the long-awaited CLARITY Act, co-sponsored by Sen. Cory Booker, will be voted on in committee before Thanksgiving to take place on November 27. The bill seeks to provide a clear regulatory framework for digital assets classified as commodities, offering critical guidance to the crypto market.
“We’re going to get it done this year,” Boozman stated, underscoring the urgency of the effort despite the backdrop of a prolonged government shutdown. The CLARITY Act represents a rare moment of bipartisan collaboration on Capitol Hill, reflecting growing recognition that comprehensive regulation is essential to fostering innovation while protecting investors.
The bill aims to resolve long-standing uncertainty in the U.S. digital asset market by clearly defining which cryptocurrencies fall under Commodity Futures Trading Commission’s (CFTC) oversight, removing regulatory gray areas that have hindered institutional adoption. Senators Boozman and Booker are reportedly working daily to finalize their sections, signaling a focused push for timely passage.
Therefore, the CLARITY Act could unlock stronger U.S. crypto infrastructure, expand trading platforms and derivatives, and align the country with evolving global standards.
Interestingly, bipartisan backing of the CLARITY Act underscores growing political recognition of cryptocurrency’s economic significance. Unlike past stalled efforts, this momentum reflects an urgent push to modernize U.S. financial regulations for blockchain and digital finance.
If cleared by committee before Thanksgiving, the bill will advance toward full Senate consideration, providing a decisive framework for U.S. digital asset regulation.
Conclusion
The creation of 21,595 XRP wallets in 48 hours signals a surge of interest in the XRP Ledger, reflecting growing engagement from retail and institutional investors. While not a guarantee of price moves, it highlights accelerating adoption across the network.
Meanwhile, if the CLARITY Act clears the Senate committee before Thanksgiving, it could be a turning point for the U.S. crypto market, providing the legal clarity investors and institutions have long sought.
By defining a clear framework for digital assets classified as commodities, the bill aims to boost innovation, stabilize markets, and reinforce bipartisan confidence, positioning the U.S. as a global leader in a secure and transparent crypto ecosystem.