XRP recorded the fourth-largest daily spike in wallet creation this year, with 4,300 new wallets added in 24 hours, according to Blockchain analytics firm Santiment.

(Santiment)

Fresh wallet creation can sometimes point to new network participation, particularly when paired with capital inflows.

But the broader Santiment chart suggests caution.

XRP’s network growth has generally trended lower since late 2025, making the latest move look more like a sharp one-day spike than clear evidence of sustained adoption.

For traders, the question is whether XRP is seeing the early stages of a broader rotation trade, or simply a short-lived burst of speculative positioning while the wider crypto market remains under pressure.

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Open interest held steady and funding stayed subdued during the recent liquidation wave, suggesting traders were de-risking rather than capitulating, according to HashKey Research’s Tim Sun.

What to know:

  • Bitcoin hovered around $77,700 after a brief drop below $77,000, with derivatives data suggesting the move was a leverage flush rather than the start of a deeper downturn.
  • Analysts say the $75,000 to $77,000 range remains a key support zone, as liquidations were split between longs and shorts and did…

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