According to Santiment, “it is one of the main indicators to detect reversals.”
Right now, XRP price is struggling to maintain a historic support-resistance zone.
The XRP Ledger network recorded the creation of 4,300 new wallets in just 24 hours, on May 20, 2026. The rebound represents the fourth largest documented increase so far in 2026.
However, this indicator is still far from the historical record of March 19, date on which 12,055 accounts were opened on the network. This is demonstrated by the metrics provided by the analysis firm Santiment.
There is a key difference between both adoption events. In March, User addition occurred during a strong bullish rally towards the $1.60 zone. On the contrary, the current wave occurs while the price is experiencing a downward trend, trading at $1.35, as seen in the graph above.
The current valuation embodies a decline of more than 63% from its all-time high of $3.65, reached on July 21, 2025. The outlook becomes complex on the charts as the crypto asset struggles to preserve a historic support-resistance zone.
Despite the bearish scenario, the massive entry of investors can provide a different reading. When address generation rises while the price falls, the ecosystem infrastructure strengthens, suggesting the market could react higheralthough a positive outcome is never guaranteed. Santiment analysts say:
Network growth is one of the main indicators to detect reversals.
Santiment, market analysis company.
Such an accumulation of wallets occurs at a time when XRP investors are going through a stage of strong internal division, as reported by CriptoNoticias. After four months of lateralization, a portion of the community is beginning to wonder if it still makes sense to maintain their investment positions. Such prolonged stagnation began to wear down the patience of market participants.
Faced with the apparent contradiction between price and usability, the analyst who identifies himself as Amonyx commented that When wallets rise so sharply, “smart money pays attention.” The specialist openly raised whether the analyzed behavior represents a clear “XRP reversal signal.”
For his part, the analyst who identifies himself as Don Digital Finance agreed on the relevance of said metric to evaluate the health of the network. “The creation of new wallets is usually an early sign of new participation in the network, especially when it occurs alongside increasing incoming capital flows and greater institutional activity around XRPL,” commented the expert.
The recent expansion in wallet openings directly underpins the XRP Ledger user base. The movement denotes that an important sector of the market continues to accumulate patiently, although doubts about the near future of the price clearly persist.