The XRP Ledger (XRPL) achieved an unprecedented milestone by processing 1.2 million transactions within 24 hours on June 19, 2025, marking the highest daily transaction volume since its inception. This surge triggered speculation of growing demand and increased activity on the network.
Alongside this spike in transactions, the number of wallets holding at least one million XRP tokens reached an all-time high of 2,708, indicating accumulation by large holders or whales. Daily active addresses also saw a dramatic increase to over 295,000 in one week—a 637% rise from the previous average of 35,000 to 40,000—highlighting heightened user engagement.
Technically, XRP's price is trading within a symmetrical triangle pattern, often a precursor to a breakout. Current price action shows firm support near $2.09, while resistance remains strong between $2.24 and $2.27. A decisive move above $2.27 could pave the way for further gains, while falling below $2.09 might suggest a short-term decline.
Institutional investors appear to be accumulating XRP steadily without triggering excessive volatility. Volume and RSI indicators remain moderate, aligning with early phases of market rebuilding rather than speculative exuberance.
The increased transaction volume may reflect fundamental demand from use cases such as remittance, decentralized applications, and institutional adoption. Additionally, XRP stands to benefit from its compatibility with the upcoming ISO 20022 messaging standard, as the Fedwire Funds Service will complete its transition to this format on July 14, 2025, potentially facilitating deeper integration into global payment networks.
Overall, the combination of record ledger activity, growing whale accumulation, rising user engagement, and promising technicals suggests XRP is poised for a potential recovery phase supported by both on-chain fundamentals and institutional interest.