XRP Wallet Surge Signals Growing Adoption Amid Price Dip

The XRP network saw a sharp increase in new wallet addresses, with over 9,000 created on June 11 and 12, according to data from CryptoQuant. June 11 alone recorded approximately 4,500 new addresses, followed by 4,200 the next day—marking the strongest two-day growth in over a week. This spike suggests expanding participation and renewed interest in the XRP ecosystem.

CryptoQuant data highlights that wallet creation began accelerating on June 9, after daily figures previously hovered below 3,500. The rise in address activity, despite a lack of corresponding price increase, is a signal of mounting momentum and broader network adoption. Notably, on June 6, only 3,200 new addresses were registered, showing the clear upward trend.

While XRP’s price dipped slightly by 2.52% to $2.13, trading volume surged 66.30% to $4.53 billion. This heightened activity pushed XRP’s 24-hour volume-to-market cap ratio to 3.6%, underlining strong liquidity conditions for traders.

The disconnect between price action and wallet growth may indicate a buildup of users ahead of a potential market move. For long-term investors, the growing number of unique wallets reflects broader adoption and increased utility, reinforcing XRP’s position as a leader in fast, cross-border transactions. Users could also be experimenting with new XRP use cases or integrating it into applications.

Overall, the XRP network’s expansion suggests strong fundamentals, despite current price softness. Increased address creation, rising volume, and consistent network activity point to sustained interest and potential bullish momentum. Traders and investors closely watching XRP’s ecosystem growth may be getting an early look at a longer-term upward trend.