XRP rose above $1.60 for the first time since Feb. 4 as blockchain analytics platform Santiment recorded a sharp increase in large transactions and new wallet activity. The data suggests heightened interest in the token, although transaction counts alone do not determine whether large holders were buying or selling.
XRP Moves Above $1.60
XRP traders saw the token break above the $1.60 level, marking its first move past that threshold since Feb. 4. The price gain coincided with increased on-chain activity involving large transfers and newly created wallets.
Large Transactions Reach Monthly High
Santiment counted 1,917 large XRP transactions, according to the available data. The figure represents a monthly high and indicates an increase in transfers involving substantial amounts of the token.
However, the number of large transactions does not reveal the direction of the flows. Such activity can reflect buying, selling, transfers between wallets, or movements involving exchanges and other platforms. Additional data would be required to determine whether large holders were accumulating or distributing XRP.
New Wallet Activity Also Increases
Santiment also reported the creation of 3,647 new XRP wallets. Growth in new wallet addresses can indicate broader participation or renewed interest in the asset, though it does not necessarily correspond to active trading or long-term ownership.
The combination of elevated large-transfer activity and new wallet creation points to increased engagement with the XRP network as the token moved higher. Market participants will likely monitor whether the activity continues and whether it is accompanied by sustained price momentum.