XRP Ledger records 4,300 new wallets in 24 hours, fourth‑largest 2026 spike

On May 21, the XRP Ledger saw 4,300 new wallets created in a single 24‑hour period, marking the fourth‑largest daily growth spike for the token in 2026, according to on‑chain analytics firm Santiment. Each new address required the minimum reserve, indicating genuine capital inflow rather than bot activity.

Santiment analysts highlighted the metric as a leading signal for potential price movement. The surge coincided with a deep negative MVRV ratio (‑35.12 % over 365 days and about ‑3 % over 30 days), suggesting XRP is trading in a lower‑risk zone compared with historical levels. Social sentiment was mildly negative, with a bullish‑to‑bearish comment ratio of roughly 1.7 : 1, below the asset’s typical baseline.

At the time of reporting, XRP was priced around $1.36. Observers noted that while wallet‑creation spikes can herald increased transaction volume and price pressure, they may also be short‑lived if not supported by sustained market activity.