XRP On-Chain Activity Surges While Price Hovers Near 19-Month Lows
XRP is currently clinging to the $1.00 support level as the broader crypto market faces significant headwinds. Despite the price weakness, underlying on-chain metrics are telling a surprisingly different story — one of growing demand and accumulation.
The token recently hit a 19-month low of $1.01 on June 25, and as of the latest data, XRP is trading around $1.05, posting a modest 0.18% decline over the past 24 hours. While the price action looks fragile, data from Santiment and other on-chain analytics providers suggest that buyers are quietly building positions at these levels.
One of the most notable signals came from the XRP Ledger itself, which registered 4,941 new wallet creations in a single day — the highest rate of network growth seen in over three months. Alongside this metric, social sentiment has shifted noticeably bullish. The positive-to-negative comment ratio climbed to 3.7:1, representing a three-month peak in FOMO-driven optimism, according to Santiment. Many traders appear to be treating the $1.00–$1.05 price corridor as a strategic entry zone.
Santiment analysts attributed this mood shift to several factors: XRP's historical tendency to stage sharp recoveries, continued ETF and institutional narratives, and evidence that large holders have been steadily increasing their exposure even during the worst stretches of recent price action.
Looking deeper into accumulation trends, on-chain data confirms that all three major holder cohorts were net buyers throughout June, despite the asset losing roughly 21% of its value during the same period. The largest cohort — wallets holding between 10 million and 100 million XRP — led the charge, adding 160 million XRP across the month. This represented the strongest bullish accumulation signal among all groups tracked.
Smaller whale categories also participated. Wallets in the 1 million to 10 million XRP range added approximately 20 million tokens, while those in the 100,000 to 1 million XRP bracket accumulated an additional 30 million XRP. The pattern strongly suggests that sophisticated, larger-scale participants are treating the current price dip as a buying opportunity rather than a reason to exit.
Institutional interest has remained notably resilient as well. US-listed spot XRP ETFs pulled in $22.99 million in net inflows during the previous week, extending what is now an eight-consecutive-week inflow streak. The current week has started on a similarly positive note, with funds registering $15.34 million in Monday inflows alone.
This stands in stark contrast to other major crypto ETF products. Bitcoin ETFs have now recorded seven consecutive weeks of net outflows totaling roughly $7.7 billion, with an additional $231 million exiting on Monday. Ethereum ETFs have similarly suffered from persistent weekly outflows. XRP ETFs, by contrast, have not registered a single day of net outflows since June 3, though several sessions have ended with flat or neutral flows.
The key question now, as Santiment highlighted, is whether the current wave of new wallet creation and social enthusiasm translates into lasting buying pressure, or whether it evaporates as a short-lived FOMO spike. With XRP trading so close to the psychologically critical $1.00 threshold, the next few trading sessions will likely determine whether on-chain demand is strong enough to reverse the broader price trend.
