- XRP added 4,300 new wallets during a major growth spike
- XRP ETFs recorded twelve straight days of positive inflows
- Resistance between $1.40 and $1.55 remains critical for bulls
XRP is drawing fresh attention after on-chain metrics recorded one of the strongest growth periods of the year. Santiment data shows XRP added 4,300 new wallets in just 24 hours, marking the fourth-largest network growth spike of 2026. At the same time, active addresses increased sharply, creating a stronger discussion around whether rising participation can support a broader price recovery.
New wallet creation climbed from approximately 2,500 to 4,300 within one day. Daily active addresses also jumped from 32,000 to 43,520 over the same period.
XRP ETF Demand Adds Support To The Bullish Case
Beyond wallet growth, XRP ETFs continue attracting investor capital. Spot XRP exchange-traded funds now hold roughly 1.34% of the total circulating supply after recent inflows.
Data shows that around $107.3 million entered XRP-focused ETFs during May. Net inflows of $8.8 million also marked the twelfth consecutive day of positive activity.
The steady investment trend strengthens the broader market narrative. ETF demand can tighten available supply and improve institutional access for investors seeking exposure to XRP.
Combined with rising on-chain activity, these developments indicate stronger market engagement. However, price performance has remained relatively muted despite the positive signals.
XRP Faces Major Resistance Before Confirming Breakout
Price action remains the missing piece for a stronger recovery story. XRP continues to trade below an important resistance range between $1.40 and $1.55.
Several technical indicators reinforce that range. The 50-day simple moving average, 100-day simple moving average, and 100-day exponential moving average all cluster around this area.
Investor positioning also creates additional pressure. Roughly 3.75 billion XRP was accumulated between $1.37 and $1.45, creating a potential sell zone as holders approach break-even levels.
Analysts suggest a move above $1.40 could show early strength, while a close above $1.61 may confirm a larger trend shift toward the next upside target near $3.52.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
