XRP Ledger activity jumped while price action stayed under pressure, with 4,941 new wallets created in one day. The spike marked XRP’s strongest daily network-growth reading in more than three months, arriving as the token traded close to the $1.00 support area.
XRP changed hands near $1.04 after falling to about $1.01 on June 25, its weakest level in 19 months. The new-wallet surge gives traders a fresh onchain signal during a fragile price setup, but address creation alone does not confirm spot buying. New wallets can reflect fresh users, exchange-related activity, app onboarding, speculative positioning, or returning participants preparing to transact.
The latest reading extends a pattern that has appeared several times this year. XRP recorded 4,300 new wallets in 24 hours in May, then struggled to convert stronger network activity into a clean price breakout. The June spike is larger, but the chart now faces a tougher test because price is sitting much closer to a major psychological support zone.
Social sentiment also moved sharply higher near the lows. The same Santiment-tracked setup put XRP at 3.7 bullish comments for every bearish comment across social media, the strongest positive-to-negative ratio in about three months.
The jump shows that traders are treating the $1.00 to $1.05 area as a possible dip-buy zone rather than abandoning the asset after the latest drawdown. XRP’s rebound history, ETF narratives, Ripple-linked institutional themes, and larger-holder accumulation have all helped keep bullish commentary alive even as price performance has weakened.
That optimism also creates a cleaner risk signal. A high bullish ratio near support can point to renewed demand, but it can also show FOMO before price confirms a reversal. XRP was already in a rare undervalued zone after trader losses reached extreme levels, leaving the market sensitive to both a relief bounce and another failed recovery attempt.
The stronger bullish case now depends on whether new wallets become real market demand. XRP needs sustained spot volume, deeper liquidity and a firmer defense of the $1.00 area before traders can treat the network-growth spike as more than a short-term participation burst.
Larger-holder data remains part of the background. XRP whale wallets previously reached an eight-year high as major addresses expanded their combined balances, while mid-sized holder growth also supported the accumulation narrative. Those signals help explain why social confidence has not disappeared, but they do not remove the near-term risk around $1 support.
A decisive break below $1 would weaken the current setup and turn the latest wallet surge into activity without price confirmation. A hold above the zone, followed by stronger volume and a move away from $1.05, would give the network-growth signal more weight. XRP last traded near $1.046, with the current intraday range running from about $1.040 to $1.074.
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