$XRP Breaks Above $1.60 as Whale Transactions and New Wallet Activity Surge.
$XRP’s market value has moved above $1.60 for the first time since February 4, according to data shared by Santiment, with the price increase occurring alongside a sharp rise in large transactions and $XRP Ledger network growth.
Santiment’s chart shows $XRP reaching the $1.60 area as the number of transactions valued at more than $100,000 climbed to 1,917, representing the strongest high-value transaction activity in roughly a month.
The increase in whale transactions measures activity rather than direction. The data does not establish whether the transactions represented accumulation, selling, transfers between wallets, or other movements. It does, however, show substantially increased activity among addresses conducting large-value $XRP transactions while the market price advanced.
$XRP Network Growth Accelerates
Network growth also increased during the price move. Santiment recorded 3,647 newly created $XRP wallets, indicating that the latest advance coincided with an influx of new addresses rather than activity being limited to existing wallets.
The supplied Santiment chart tracks $XRP’s price, network growth, and transactions above $100,000. Both network growth and large transactions show pronounced increases near the latest price advance.
XRPL Asset and $RLUSD Activity Expands
The latest market activity comes as the $XRP Ledger’s financial infrastructure has also expanded. According to the supplied data, tokenized-asset and $RLUSD balances on XRPL recently reached approximately $4.26 billion, while Ripple reports roughly $2.4 billion of $RLUSD in circulation.
Those figures cover a different part of the $XRP ecosystem than whale transactions and wallet creation. They measure assets and stablecoin activity connected with XRPL rather than $XRP trading activity itself.
Institutional market access has also continued to develop. According to the information provided, Bitwise filed an updated $XRP ETF registration with the U.S. Securities and Exchange Commission on September 18, while $XRP is already represented through several exchange-traded products.
The latest data therefore shows several developments occurring around the same period: $XRP moving above $1.60, 1,917 transactions exceeding $100,000, 3,647 new $XRP wallets, and increased asset and stablecoin activity across XRPL. These metrics measure different aspects of $XRP market and network activity and do not, individually, establish the direction of subsequent price movement.
Current $XRP Price
According to CoinMarketCap, $XRP is currently trading around $1.64, up 7.96% over the past 24 hours. The token has traded between $1.50 and $1.65 during the period, placing it near its daily high.
$XRP’s market capitalization stands at approximately $103.61 billion, while 24-hour trading volume is about $7.3 billion. The latest move also puts $XRP above the previously highlighted $1.56–$1.60 technical region.