At a glance, the price of XRP has not done much lately. It has been moving sideways, and has not given traders much to be excited about. But beneath the surface, it’s a completely different story.
The XRP Ledger is getting busier by the day, with more wallets, more transactions, and more overall activity flowing through the network.
It’s the kind of disconnect that appears in cryptocurrencies from time to time, where the price seems calm, but actual usage tells you there’s something bigger brewing in the background.
The wallet distribution shows wide participation in the network
Taking a closer look at the wallet data gives a good idea of how extensive the XRP ecosystem is. According to the numbers shared by Santiment, millions of wallets are now active across different balance ranges.
The bulk is at the bottom: about 5.66 million wallets holding less than 100 XRP. These are mostly small users, people just getting in, testing things out, or holding modest amounts.
Then there is the middle group, between 100 and 100,000 XRP, which makes up about 2.01 million wallets. This range typically includes participants, traders, regular users, and more committed owners with a bit more involvement in the game.
At the higher end, things get much smaller but more powerful. Just over 32,000 wallets hold more than 100,000 XRP. These are whales, and even though they are few compared to the rest, they can still have a big impact when they move.
📈 XRP Ledger continues to grow its network. Depending on the wallet size, here are the number of addresses within each tier:
🦐🐟 Below 100 XRP: 5.66 million wallets
🐡🐬 100 to 100 thousand XRP: 2.01 million wallets
🦈🐳 More than 100 thousand XRP: 32,054 wallets pic.twitter.com/QN1AWIhYBJ— Santiment (@santimentfeed) March 21, 2026
What stands out here is balance. It’s not just whales, it’s not just small whales either. The network appears spread out, which is usually a good sign of steady growth.
Transaction volume reaches new highs
If wallet growth shows who is on the network, transaction data shows what they are actually doing, and at the moment, there is a lot.
The XRP Ledger has processed a total of 4.28 billion transactions to date. That’s a huge number in itself, but it’s the recent pace that really catches the eye.
In one day, the network processed about 2.5 million transactions. Over the past week, we have averaged nearly 2 million transactions per day.
Boom! 🚨 $XRP Ledger transactions explode.
4.28 billion total transactions processed.
2.5 million yesterday alone.
The 7-day average is approximately 2 million per day.Yes, the price of XRP is moving sideways. The ledger is on fire.
The price can remain calm. The user cannot fake these numbers. pic.twitter.com/vyhwyfoST1
– Xfinancebull (@Xfinancebull) March 21, 2026
This is not a one-time spike. It’s a constant activity, day in and day out. When a network maintains this kind of pace, it usually means people are actually using it, not just holding codes and waiting.
Network activity is different from price movement
This is where things get interesting. All this growth is happening while the price of XRP barely moves.
Normally, you would expect increased activity to push the price higher, or at least create some momentum. But markets don’t always work this way. Sometimes, fundamentals are quietly built before the price reacts. Other times, external factors keep things stuck for a while.
That seems to be the case here. The ledger is active, users are increasing, transactions are high, but the price has not gone up yet.
For traders, this type of gap can be frustrating. However, for long-term observers, this is something worth paying attention to.
When you strip away the noise, what really matters is usage, and right now, the XRP Ledger is seeing a lot of it.
High transaction numbers usually mean that people are doing something with the network, whether that’s sending payments, transferring money, or interacting with different services built on top of it.
At the same time, the steady growth in wallets indicates the continued arrival of new users. It is not just the same group that is circulating money, but the network appears to be expanding outward.
It’s often this combination, more users and more activity, that builds a strong foundation over time.
The market is watching for a potential shift
With all this happening in the background, the big question is what comes next.
Sometimes, when activity rises in this way while the price stays steady, it doesn’t stay that way forever. It may take some time, but eventually, the market tends to react, one way or another.
There is also the role of largeholders to consider. With over 32,000 whale wallets in the game, any shift in their behavior can quickly turn things around.
But for now, most people are just watching. The data is there, but the action hasn’t happened yet.
XRP ledger momentum continues to build
Zooming out, it’s clear that the XRP Ledger is not slowing down. If anything, it picks up speed.
More wallets join, transactions increase, and the network continues to handle large amounts without much trouble. Even if the price doesn’t reflect it yet, the activity speaks for itself.
This is how these stages often appear: quiet on the outside, busy underneath.
If the current pace continues, it is only a matter of time before more people start taking a greater interest in not only where to trade XRP, but also how much the network itself grows.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash To stay up to date on the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
