The XRP ledger (XRPL) processed over 5.1 million transactions on June 15, experiencing the busiest week on record.
Unlike other networks that often rely on automated activities to increase numbers, this surge appears to have arisen from the demand of real users.
XRP ledger continues to expand
According to blockchain analyst Ripple Van Winkle, users are actively involved in activities such as NFT mint, asset transfers and decentralized transactions, all contributing to the volume spike.
He said XRPL handled the pressure without any confusion, kept trading fees low and stabilised performance throughout the day.
This event stands out for its mass and network resilience. According to Van Winkle, XRPL did not record reports of delays, sudden increases in transaction costs or system burdens.
Meanwhile, it appears that user participation across the network is also growing.
Ripplexity, citing GlassNode data, reported that XRP wallet registrations are over 7.1 million, with the number of wallets holding over 1 million XRP reaching a new high of over 2,700.
Market observers said these numbers indicate that interest in XRP continues to be strong despite the delay in price action. According to them, it is a sign that the protocol is ready to support mass recruitment without the need for emergency intervention.
“This consistency is important as cryptography matures. Institutions want boring reliability, not flashy experiments. XRPL is beginning to look like TCP/IP of cryptography.
XRP investors are profiting as price slides for Altcoin
Despite increasing use in the network, XRP prices continue to face pressure.
According to Beincrypto data, tokens have been trading for around 3% in the last 24 hours and around 15% this month for around $2.07.
These dips want some investors, but others see it as an opportunity to lock in profits. In particular, GlassNode data shows that long-term holders are beginning to recognize benefits.
According to the blockchain analytics platform, XRP holders recognized a daily profit of an average of $68.8 million in early June.
GlassNode explained that many of these exits are believed to be from buyers who entered before the XRP rally in late 2024, and prices rose in January, peaking at $3.36. Currently, some whales appear to be selling when tokens exceed 36% since the start of the year.
“XRP is trading above $2, more than three times more than the base price, ahead of the rapid rally in November 2024. Previously accumulated investors are sitting in profits of over 300%,” Glassnode said.
This may reflect strategic benefits, but it also points to the broader challenge of converting a strong foundation into sustained rising price momentum.
Still, some analysts believe XRP may still find a second wind as the current wave of profits sinks. It also points out that interest in XRPL is growing, especially as Stablecoin projects like USDC and tokenized US Treasury start to launch on the network.
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