XRP Surges Above $3 Amid Record Ledger Activity

XRP has risen above $3, driven by significant on-chain activity on the XRP Ledger and high market volatility, as noted on July 17, 2025.

This increase is linked to institutional interest and a notable surge in new wallet creations, impacting the broader cryptocurrency market.

XRP Reaches New Heights with 11,000 Daily Wallets

XRP’s price jumped beyond the $3 mark amidst record-setting ledger activity, as reported by analytics firms. The ledger’s growth marked a new high with over 11,000 wallets added daily, demonstrating strong market engagement.

Ripple Labs, under CEO Brad Garlinghouse’s leadership, spearheads these developments. Despite the absence of direct statements, the activity aligns with institutional inflows and a crypto-wide rally, increasing XRP’s market presence.

Institutional Influence Drives XRP Market Resilience

XRP’s surge has invigorated the crypto market, showing evident price resilience across major exchanges. Institutional investors are largely credited for the increased activity, reflecting a shift in market dynamics.

Financial analysts highlight the strengthening of XRP’s market position, likely influencing its upward trend with broader institutional backing. These actions signal potential for sustained market interest.

XRP Price Trends: History and Future Prospects

Similar price rebounds for XRP have occurred during periods of significant news or market endorsements. Previous patterns indicate ongoing potential for recovery and long-term valuation growth.

Experts suggest XRP’s future volatility might be influenced by institutional trends, considering past outcomes. The current setup could yield sustained network and price growth, akin to historical cycles.

“The XRP Ledger network peaked with more than 11,000 wallets being created on a single day on July 17. On that day, the price of XRP recorded a 14.6% increase,” highlighting the strong correlation between on-chain adoption and price action.