Something big appears to be bubbling under the surface for XRP. Over the past week, there’s been an undeniable lift in action across the XRP Ledger, raising eyebrows throughout the digital asset space. A rapid surge in wallet activity, increased interest from heavyweight holders, and a new ETF launch in Canada have all added fuel to the fire.
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XRP Wallets Flood In as Network Activity Kicks Into High Gear
According to onchain analytics firm Santiment, XRP is enjoying a significant spike in engagement. In recent days, wallet addresses interacting with the network have shot through the roof, hitting an average of over 295,000 daily. That’s a far cry from its usual range over the past three months, which had been steady at around 35,000 to 40,000.
This surge speaks volumes. It signals not just more users but also a sharp change in pace, suggesting that something meaningful is taking shape behind the curtain. It’s as if a quiet pub suddenly turned into the busiest spot in town overnight. The buzz is impossible to ignore.
On top of that, the number of high-value wallets—those holding at least one million XRP—has reached a historic level. For the first time since the XRP Ledger came into being more than twelve years ago, over 2,700 wallets now sit in that category. In the crypto world, such wallets are often referred to as ‘whales’ and ‘sharks’, a nod to their financial muscle. When they begin circling like this, many see it as a sign that the tides may be turning.
Adding more fuel to the fire, market watcher John Squire pointed out that XRP saw a sudden rush of 9,000 brand-new wallets spring up in just two days, as if punters were lining up at the door before sunrise. That’s not a number to sneeze at. It hints at growing interest from both seasoned traders and fresh faces entering the scene. Whether it’s FOMO or calculated strategy, people are clearly flocking to XRP in large numbers.
Canada’s Green Light for XRP ETF
While XRP’s activity was already catching attention, news from Canada added a fresh twist. Investment management firm Purpose Investments has received final approval to roll out the Purpose XRP ETF. The investment vehicle is gearing up to hit the ground running on the Toronto Stock Exchange come Wednesday.
This development marks a milestone not only for XRP but also for the broader adoption of digital assets through traditional financial channels. The ETF will give investors direct exposure to spot XRP—meaning they’ll be investing in the asset itself, rather than futures or derivatives.
What makes this move especially significant is that it’s backed by regulatory approval from the Ontario Securities Commission. This brings a layer of credibility that can open doors for investors who may have previously sat on the sidelines. With this step forward, Vlad Tasevski — the brains behind innovation at Purpose — believes Canada’s proving once again it’s ahead of the curve in laying down a steady and see-through road for crypto investors.
The ETF will be made available in three variants—CAD-hedged (XRPP), CAD non-hedged (XRPP.B), and USD (XRPP.U). It will also be eligible for tax-advantaged accounts such as TFSAs and RRSPs, making it an accessible option for both casual investors and seasoned market players.
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Technical Setup Suggests Potential Breakout
As interest in XRP builds, some traders are keeping a close watch on its price movements. Crypto analyst World of Charts noted that XRP appears ready to recover. However, a breakout hasn’t yet been confirmed.
The chart suggests XRP is pressed against both a descending trendline and a horizontal resistance level. If it manages to push beyond these two roadblocks, there’s speculation it could make its way back to its all-time high near $3.40. But that’s not set in stone just yet.
$Xrp #Xrp Looking Ready For Solid Recovery, However Still Breakout Hasn’t Confirmed, If Xrp Breaks Descending Trendline + Horizontal Area Then It Can Move Towards 3.40$ Ath pic.twitter.com/g7FWsMFOLM
— World Of Charts (@WorldOfCharts1) June 16, 2025
Still, the stars seem to be aligning. With usage metrics shooting up, big wallets locking in large volumes, and a fresh investment product entering the market, XRP is in a strong position to make waves. The build-up has that familiar scent of something about to burst into full swing.
In the often unpredictable world of crypto, it doesn’t take much to change the game. But right now, XRP looks anything but stagnant. The signs of life are clear, and the energy building around it is hard to miss.
Only time will tell if this burst of energy turns into a lasting run or fizzles out down the track. However, with investor appetite growing and regulatory support taking shape, the path ahead may be smoother than before.
XRP seems to be hitting its stride again, and the pieces are falling into place just in time. Between surging user numbers, interest from major holders, and a significant new listing in Canada, the wind might finally be at XRP’s back. For many watching closely, this could be the early stirrings of a major revival.
As markets prepare for the ETF to hit the TSX, all eyes are on what comes next. If XRP breaks through its price ceiling and rides the wave of institutional interest, it might just find itself back in the big leagues.