Over the past 24 hours, the XRP Ledger has seen a surge in fresh addresses, but overhead resistance at $1.40 has kept the XRP (XRP) price in check.
Key takeaways:
- XRP Ledger added 4,300 fresh wallets in 24 hours, marking the network’s fourth-largest growth spike in 2026.
- XRP price rebound may face resistance at $1.40, with consolidation likely to continue.
XRP Ledger Sees 4th Biggest Growth Surge in 2026
XRP Ledger saw one of its strongest gains of the year after adding 4,300 fresh wallets in 24 hours, which Santiment said was the “fourth-biggest jump in 2026.”
Related: Analysts say the price of XRP could explode to $15 amid “quiet accumulation.”
The chart below shows that the number of newly created XRP wallets increased to 4,300 on May 20 from around 2,500 on May 19. Similarly, the number of daily lively addresses increased to 43,520 from 32,000 in the same period.
“XRP is seeing one of the biggest periods of network growth of the year,” says the market research firm he said in a Thursday post on X, adding:
“The development of the network is one of the most important signals that the situation is turning around.”
Active XRP Ledger addresses and network development. source: Santiment
“When portfolios grow like this, the focus is on smart money,” Amonyx analyst commentedadding:
“$XRP Reversal Signal?”
Fellow analyst Niroshan682 he said the creation of a fresh wallet is often an “early sign of new network participation”, especially when it happens in parallel growing institutional adoption and growing ETF inflows.
US spot XRP ETFs held approximately 1.34% of the total XRP supply following inflows this month. So far in May, there have been about $107.3 million in XRP ETF flows, and on Thursday there were $8.8 million in net inflows, marking the 12th straight day of positive flows.
This mighty run has brought cumulative inflows to nearly $1.4 billion and assets under management (AUM) to $1.15 billion.
Spot XRP ETF Flow Chart. Source: SoSoValue
Despite these positive fundamentals, XRP/USD is down 1.5% in the last 24 hours and remains 62% below the multi-year high of $3.66 reached in July 2025.
XRP faces mighty overhead resistance
XRP’s recent 21% surge from a local low of $1.27 reached on April 5 stalled at $1.55, coinciding with the upper end of a range that has been limiting price action since early February.
Bulls need to push the price above the $1.40-$1.55 resistance zone to confirm a breakout from consolidation. This area is also defined by the 50-day basic moving average (SMA), 100-day SMA, and 100-day exponential moving average, as shown in the chart below.
XRP/USD daily chart. Source: Cointelegraph/TradingView
According to XRP cost-based distribution datainvestors hold approximately 3.75 billion XRP at an average cost of $1.37-$1.45, creating a potential resistance zone.
This concentration suggests that many investors may sell once break-even is reached, which could hamper XRP’s growth momentum.
XRP cost base distribution chart. Source: Glassnode
The next supply restriction zone is higher at $1.68-$1.70, where investors have purchased approximately 3.8 billion XRP. According to analyst Crypto Michael, this level coincides with the upper boundary of the falling wedge formation, which is preparing the XRP/USD pair for a breakout.
Please note that a weekly close above the upper trend line of the wedge could open the way for an upside towards the measured target of $3.52, which is about 50% above the current price.
XRP/USD weekly chart. Source: Crypto Michael.
As Cointelegraph reportedbuyers will need to push XRP/USD above the multi-month trendline at $1.40 to signal a reversal, while a close above $1.61 will confirm a potential trend change.
