XRP on-chain metrics surged to levels not seen since March after the token’s price briefly broke above $1.54. According to data from Santiment, the XRP Ledger recorded 48,453 active addresses in a single 24-hour window — the most since March 30. Simultaneously, 3,317 new wallets were created, marking the strongest daily network growth since March 19.
The spike in activity came as XRP joined a broader market recovery. Price had rallied to $1.54 before pulling back below $1.50, but the move was enough to reverse weeks of subdued on-chain metrics. Total activated accounts on the ledger climbed to 7,856,080, approaching the 8 million milestone.
XRPScan data provided additional context: active users tracked via source and destination tags rose above 184,000 on May 15, the second-highest reading since early April. However, network stress was evident as well — failed transactions due to “tecNO_PERMISSION” errors reached 1,332 on May 19, while “tecINSUFFICIENT_FUNDS” errors peaked at 656, the highest since April 19.
Analyst ChartNerd highlighted a potential multi-year cup-and-handle pattern on XRP’s long-term chart. He noted that the cup portion appears complete and the handle may still be forming, with structural support near the 0.5 Fibonacci level around $0.89. Price remains in consolidation between $1.35 support and $1.98–$2.00 resistance, with the MA50 flattening but the MA200 still overhead.
