XRP just saw one of its biggest network growth spikes of the year. According to Santiment, 4,300 new wallets were created in just 24 hours—the fourth-largest jump of 2026. The analytics firm noted that this matters because “network growth is one of the top leading signals for spotting reversals.” They see this wallet surge as part of a broader set of on-chain metrics suggesting XRP is trading in a lower-risk zone than usual.
Santiment Points to an Undervalued Setup for XRP
Santiment’s Brian Quinlivan shared this data during yesterday’s livestream. The XRP segment stood out due to a mix of new wallet creation, low profitability metrics, and relatively quiet crowd sentiment. Quinlivan said XRP’s MVRV setup looked “pretty similar to Ethereum,” but with an even deeper long-term loss among active holders.
According to the Santiment data shared during the stream, XRP’s 365-day MVRV was around negative 35.12%, while its 30-day MVRV had slipped back into negative territory at roughly negative 3%.
Related Reading: XRP’s Big Buyers Returned in April but Left in May: Capital Inflows Data Explains the Shift
Quinlivan argued that this combination puts XRP in a statistically less overheated position than when recent and long-term holders are sitting on large unrealized gains. “Again, that golden rule—they’re both below zero, meaning whether you’re short-term or long-term trading, you’d be buying at a less risky point than the average moment in XRP’s 11- or 12-year history,” he said.
He was more emphatic about the long-term figure, noting that readings below negative 30% usually mark a point where the average active holder has already taken significant losses. “Anything below 30, no matter what asset you’re looking at, that’s something that should give you confidence in your investment because it shows how much blood is in the streets,” he said. “You can buy knowing that the people you’re trading against have already suffered huge losses that you haven’t, since you’d be opening a fresh new entry into XRP.”
Related Reading: XRP Declines 8%, But Whales Scoop Up 71 Million Tokens
Sentiment data added another layer to the picture. Quinlivan said XRP’s social tone had been “pretty up and down lately,” but leaned more negative than usual—something Santiment typically sees as a positive from a contrarian perspective. The asset had about 1.7 bullish comments for every bearish one. That might sound high on its own, but it’s below XRP’s usual social baseline, which Quinlivan said tends to be closer to a 2-to-1 bullish ratio.
Aside from one outlier around May 14, he said XRP sentiment had stayed below its typical average for roughly the previous 10 days. That matters because, in Santiment’s view, overheated bullishness often appears near local tops, while apathy or frustration can signal more attractive entry points.
The livestream also placed XRP within a softer altcoin environment. Quinlivan noted that many assets have faced negative sentiment because they failed to follow Bitcoin into a stronger rally. He pointed out how market attention around specific integrations or partnerships can fade quickly if the price doesn’t respond, using the example of XRP-related hype around a Rakuten partnership about a month ago to show how narratives can lose steam without market confirmation.
At press time, XRP was trading at $1.36.
Featured image created with DALL.E, chart from TradingView.com
Frequently Asked Questions
Here is a list of FAQs about the recent XRP wallet growth spike as reported by Santiment
BeginnerLevel Questions
1 What does it mean that XRP had a spike in wallet growth
It means that a large number of new unique wallets were created on the XRP Ledger in a short period of time Santiment tracks this to see how many new users are joining the network
2 Is this a good sign for XRP
Usually yes A big jump in new wallets suggests rising interest adoption or trust in the network It often happens before or during a price rally but its not a guarantee
3 What is Santiment
Santiment is a company that analyzes data from crypto networks They track things like wallet creation trading volume and social media chatter to help people understand market trends
4 Why did XRP suddenly have so many new wallets in 2026
The exact reason isnt confirmed but it could be due to positive news a new exchange listing a partnership or a surge in retail investors buying XRP for the first time
5 Does this mean the price of XRP will go up
Not necessarily immediately While wallet growth is a bullish signal price is affected by many factors Its a strong hint of growing interest but its not a crystal ball
Advanced Technical Questions
6 How does this spike compare to previous ones in XRPs history
Santiment called it the fourthlargest spike of 2026 That means it was a significant event but three other times in 2026 saw even bigger bursts of new wallet creation It shows that the network is actively growing
7 Is wallet growth the same as active addresses
No Wallet growth counts new wallets created Active addresses count wallets that actually send or receive transactions A spike in new wallets doesnt always mean those wallets are being used immediately
8 Could these new wallets be bots or spam accounts
Its possible but Santiments data usually filters out obvious spam A sudden massive spike can sometimes be linked to airdrops or