XRP gains 4,300 wallets in 24 hours; price stalls at $1.40

On May 20 the XRP Ledger added 4,300 new wallets within 24 hours, marking the fourth-largest growth spike of 2026, market intelligence firm Santiment reported. Newly created addresses rose from about 2,500 on May 19, and daily active addresses increased to roughly 43,520 from 32,000.

Santiment wrote, “XRP is seeing one of its largest network growth stretches of the year,” adding that “network growth is among the top leading signals to identify reversals.” Analyst Amonyx wrote, “When wallets rise like this, smart money pays attention.” Analyst Niroshan682 described new wallet creation as an “early signal of new network participation,” especially when paired with growing institutional interest and ETF inflows.

U.S.-based spot XRP exchange-traded funds recorded about $107.3 million in inflows so far in May, with $8.8 million in net inflows on Thursday marking the 12th straight day of positive flows. Those May inflows pushed cumulative ETF inflows to nearly $1.4 billion and assets under management to about $1.15 billion. After this month’s activity, U.S. spot ETFs held roughly 1.34% of XRP’s total supply.

Despite the on-chain growth and ETF demand, XRP/USD traded modestly lower over the previous 24 hours, slipping about 1.5%. The token remained roughly 62% below its $3.66 multi-year high from July 2025. The most recent advance, a roughly 21% climb from a local low of $1.27 on April 5, stalled near $1.55 inside a range that has capped price action since early February.

Technical indicators show a resistance band between $1.40 and $1.55 that aligns with the 50-day simple moving average, the 100-day simple moving average and the 100-day exponential moving average. On-chain cost-basis distribution data indicate investors hold about 3.75 billion XRP at an average cost between $1.37 and $1.45, a concentration of holders near current levels. A separate supply cluster sits around $1.68–$1.70, where roughly 3.8 billion XRP was previously acquired.

Some chart analysts point to a falling-wedge pattern on weekly charts. One analyst estimated a weekly close above the wedge’s upper trend line could set a measured target near $3.52. Others noted that a daily close above $1.61 would more clearly indicate a trend change.

Market participants are monitoring wallet growth, ETF flows and price closes above the cited resistance levels for further signals.