XRP Ledger Hits Record Transactions and Growth This Week

XRP Ledger (XRPL) has just experienced its busiest week ever, processing over 5.1 million transactions on 15/06.

Unlike other networks that typically rely on automated activity to increase metrics, this increase seems to come from real user demand.

XRP Ledger continues to expand

According to Ripple blockchain analyst Van Winkle, users have actively participated in activities such as minting Non-Fungible Tokens, asset transfers, and decentralized transactions, all contributing to the volume increase.

He noted that XRPL processed the pressure without interruption, maintaining low transaction fees and stable performance throughout the day.

This event stands out for its high volume and network resilience. According to Van Winkle, XRPL did not record any delays, no increase in transaction costs, and no reports of system stress.

Meanwhile, user participation across the network also seems to be increasing.

RippleXity, citing data from glassnode, reports that the number of XRP wallet registrations has exceeded 7.1 million, while the number of wallets holding over one million XRP has reached a new high of over 2,700.

Market observers say these numbers show that interest in XRP remains strong even when prices are not increasing. According to them, this is a sign that the protocol is ready to support large-volume adoption without emergency intervention.

"This consistency is important as cryptocurrency matures. Organizations want boring stability, not flashy experiments. XRPL is starting to look like the TCP/IP of cryptocurrency — invisible, stable, important," Van Winkle stated.

XRP investors take profits as altcoin price drops

Despite increasing network usage, XRP price remains under pressure.

According to BeInCrypto data, the token is trading around $2.07, down about 3% in the past 24 hours and nearly 15% this month.

While these price drops have disappointed some investors, others see it as an opportunity to take profits. Notably, data from glassnode shows that long-term holders have begun realizing profits.

According to the blockchain analysis platform, XRP holders have been realizing an average of $68.8 million in daily profits in early 06.

glassnode explains that many of these are believed to be from buyers who entered before XRP's price surge in late 2024, when the price spiked and reached a peak of $3.36 in January. Currently, with the token down over 36% YTD, some whales appear to be selling.

"XRP is trading above $2, more than 3 times its base price before the significant rise in November 2024. Early accumulating investors are seeing over 300% profits," glassnode said.

While this may reflect strategic profit-taking, it also highlights the larger challenge of converting strong fundamentals into sustained price momentum.

However, some analysts believe XRP may find new momentum as the current profit-taking wave subsides. They also point to growing interest in XRPL, especially as stablecoin projects like USDC and encoded US Treasury bonds begin to launch on the network.