- XRP active addresses have jumped 655% , from 47,180 to over 356,000 total.
- Bitwise’s XRP ETF logged its busiest trading stretch yet, over 200M in volume.
- Cumulative XRP ETF net inflows have now pushed past the $1.55 billion mark today.
XRP network activity surged this week, with daily active addresses on the XRP Ledger climbing from roughly 47,180 to more than 356,000, a jump of approximately 655%, according to data from Santiment. The spike coincided with XRP recovering above $1.50 as broader altcoin momentum picked up.
A Break From the Recent Pattern
For much of the prior period, XRP network activity stayed relatively subdued, with daily readings clustered near the low end of the range. Activity then moved into a distinctly higher range, first approaching 300,000 addresses before crossing 356,000. That kind of spike typically signals a sharp rise in network participation and is often accompanied by increased price volatility.
The Goldman’s $86.5M XRP Bet
Goldman Sachs disclosed $86.5 million across five spot XRP ETFs in Q2 2026 after holding no XRP ETF exposure in Q1, alongside rising whale long positions on Binance and OKX. The move followed the Treasury’s August 19 decision to double minimum Treasury buybacks to $4 billion per operation, pushing the 30-year yield lower from a 19-year high and easing financial conditions.
The shift helped trigger more than $3 billion in crypto short liquidations as Bitcoin surpassed $68,000, while XRP surged 70% to $1.66 before settling near $1.53.
ETF Trading Hits New Highs
The onchain surge lined up with an impressive stretch for XRP exchange-traded funds. Bitwise’s XRP ETF logged over $80 million in trading volume in a single session, following two prior days each above $60 million, marking its highest-volume days since launch.
Bitwise President Teddy Fusaro called it the fund’s busiest stretch yet. Across three sessions, XRP spot ETFs generated more than $200 million in combined trading volume and over $45 million in net inflows, with Bitwise’s fund leading Monday’s inflows at $8.25 million. Cumulative net inflows into XRP ETFs have now surpassed $1.55 billion.
Related: XRP Price Prediction: Can $39M in ETF Inflows Push XRP to $1.70?
Volume Is Not the Same as Demand
Trading volume shows that shares changed hands, but it does not by itself indicate how much new capital entered the fund. That distinction matters for assessing whether the ETF activity reflects durable investor interest. Net creations, redemptions, total assets under management, and premium or discount levels relative to XRP’s spot price are the metrics that would confirm sustained capital inflows rather than short-term trading activity.
What Would Confirm a Lasting Rally
More active addresses do not automatically mean XRP’s price must continue rising. Increased address activity can accompany both buying and selling, and can arise for reasons unrelated to price direction.
Analysts have pointed to sustained movement above resistance in the $1.65 to $1.70 range as the level needed to confirm the current rally has staying power, rather than reflecting a short-term spike in activity.
A Coinbase order-book snapshot shows heavy buy and sell walls surrounding XRP’s current price near $1.53, which CW interprets as large holders keeping the token range-bound rather than preparing for a breakout.
Related: 24 Hour Crypto Recap: Here’s What Happened in the Market
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