XRP Active Addresses Up 442% in Single Day: What's Happening？

XRP is attracting attention in the cryptocurrency world now due to the dramatic increase in the coins user activity and open interest.

The daily number of XRP addresses has shown impressive growth in the last 24 hours by 442.7%, reaching 181,000.

Thats the kind of on-chain move that typically signals growing interest and real usage, not just speculative hype. This week, the number of wallets holding over 1 million XRP climbed to around 2,850.

At the same time, XRP open interest in futures markets is holding firm at $2.8 billion. It is not the highest ever, but it reflects that traders have been keeping large exposure.

XRP on-chain surge aligns with derivatives momentum

Added to the expansion in addresses, this gives a picture of new retail activity as well as continuing institutional activity.

This combination is rare. Normally, theres either an increase in user-level on-chain activity or speculative positioning in the derivatives market, but the two do not move together in the same direction.

It means that there may be momentum behind XRP which is not fully reflected in its price. It may also indicate increasing network relevance, which usually supports long-term value.

With 80.2% of the XRP supply currently in profit, many holders are likely in a psychological position to either take gains or re-engage in the market.

Meanwhile, futures data signals that traders arent exiting positions despite XRP price drop of 3.1%. That kind of conviction, when combined with increased use, is usually a green light for those watching for re-entry or breakout setups.

If this pattern holds, XRP could be setting up for a shift in both price action and sentiment. XRP is currently trading at $2.11 after it decreased by 3.31% in the last day. However, trading volume has increased by 2.06% to hit a value of $2.89 billion.

The price decline may raise caution, but the steady volume suggests ongoing interest rather than a sell-off. The current chart also reveals the price is pulling back from a high near $2.22 earlier in the day, indicating potential oversold conditions ahead of the next move.

An earlier report shows that XRP is about to hit new lows as two key metrics drop to their lowest levels in the last 20 days.