xrpl

XRP’s price action has remained under pressure toward the end of January, with the token slipping below the critical $1.90 support level on spot markets. This zone has been widely viewed as one of the most important structural supports for XRP in 2026, and its breakdown has intensified bearish sentiment across the market.
However, while price momentum appears weak, on-chain data from the XRP Ledger (XRPL) is telling a very different story. Several key network metrics have reached new record highs this month, suggesting that underlying fundamentals may be strengthening beneath the surface.
These signals are prompting analysts to consider whether XRP could be approaching a turning point.
Record #1: Whale Wallets Return After Months of Decline
Selling pressure has clearly increased in recent weeks, as many investors moved XRP onto centralized exchanges such as Binance and Upbit, pushing exchange reserves sharply higher. This behavior has weighed heavily on price, contributing to XRP’s drop below $1.90.
At the same time, large holders appear to be accumulating.
According to data from Santiment, the number of wallets holding at least 1 million XRP has begun rising again for the first time since September 2025. Since the start of the year, 42 new whale-sized wallets have returned to activity on the ledger.
At current prices, each of these wallets represents a position worth roughly $1.8 million or more. Historically, an increase in large-wallet participation during price weakness is viewed as a long-term bullish signal, often indicating strategic accumulation rather than speculative selling.
Santiment summarized the development as:
“A net of +42 wallets with at least 1M XRP have returned to the ledger — an encouraging sign for long-term confidence.”
Record #2: XRPL DEX Activity Breaks a Year-Long Ceiling
The second major milestone comes from decentralized exchange activity on the XRP Ledger.
Data from CryptoQuant shows that the 14-day moving average of DEX transactions on XRPL has reached 1.014 million, breaking above a resistance level that had capped activity since early 2025.
This move suggests that on-chain usage is not limited to short-term speculation. Instead, it may reflect growing adoption of XRPL-based DeFi, token swaps, and liquidity activity, potentially supported by Ripple’s expanding institutional and national-level partnerships over the past year.
Importantly, the moving average confirms this is not a one-day spike, but a sustained increase in activity.
CryptoQuant analyst CryptoOnchain noted that:
“Breaking long-standing resistance levels in on-chain activity often aligns with renewed market interest and can precede positive price reactions for the native asset.”
Record #3: Transaction Volume Mirrors Past Breakout Phases
A third data point reinforcing the recovery thesis comes from network transaction counts.
According to Artemis, daily transactions on the XRP Ledger have exceeded 2 million, peaking near 2.5 million transactions per day at several points this month.
Historical comparisons reveal two similar periods in 2025:
January–March 2025
June–July 2025
Both phases were followed by explosive price moves, including a “god candle” rally above $3 and a surge to an all-time high near $3.60 in July.
While history does not guarantee repetition, the renewed surge in on-chain activity suggests that network demand is rebuilding, even as price lags behind.
Conclusion: Fundamentals Strengthen as Price Lags
These three records do not eliminate the risk of further downside, especially given broader macro and crypto market uncertainty. XRP could still experience volatility if selling pressure persists.
However, the data clearly shows that XRPL’s underlying fundamentals remain resilient. Whale accumulation, rising DEX usage, and sustained transaction growth all point to a network that continues to expand beneath the surface.
If selling pressure begins to ease while on-chain momentum remains strong, XRP may be better positioned for a recovery than price action alone currently suggests.
This article is for informational purposes only and reflects personal research. It is not investment advice. Readers should conduct their own due diligence before making any financial decisions. The author is not responsible for individual investment outcomes.
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XRPの旅は普通ではありませんでした—伝説的でした。
📌 $0.01 から
📌 $0.50 へ
📌 それから $1
📌 そして $3.84 の史上最高値
❓それで…次は何ですか？
🚀 $5 は夢ではありません
❤️ $10 は不可能ではありません
🔥 $50 は狂っていません
☠️ そして $100+？それが長期的な信念が生きる場所です
💎 $XRP — 財務の景観を変革中
XRPレジャーのネイティブアセットとして、XRPは速度、スケーラビリティ、超低手数料のために設計されており、実際のユーティリティトークンです—単なる投機ではありません。

ゼンビルダーズ、世界がビットコインに注目する中、XRPは無視できない構造的動きを準備しています。心理的サポートを必死に守った後、「銀行のトークン」は次の行動に備えています。

1. 現在の価格（インターデイ）
価格: $1.92 - $1.94。
動き: 過去24時間で2.1%上昇し、週初めの$1.80の最安値から回復しています。
ボリューム: $2,300百万を超えて堅調に維持されており、クジラたちが月末の締め切り前にポジショニングしている合図です。