3 XRP Ledger Records Are Signaling a Strong Recovery

$XRP’s price action on spot exchanges has continued to weaken toward the end of January. The token has dropped below $1.9, putting the year’s most important support level under serious threat. Despite the bearish price trend, on-chain data from the $XRP Ledger (XRPL) has reached several notable record highs.

These new milestones give analysts reason to expect that $XRP could soon stage a strong rebound.

3 Key Records the $XRP Ledger Set in January

This month, many investors have increased selling pressure by moving $XRP onto exchanges and offloading their holdings.

This behavior has pushed $XRP reserves on major platforms such as Binance and Upbit sharply higher. As a result, $XRP’s price has fallen below $1.9.

At the same time, large players appear to be treating the decline as a buying opportunity.

Data from Santiment, an on-chain analytics platform, show that for the first time since September 2025, the number of wallets holding at least 1 million $XRP has begun to rise again.

$XRP Millionaire Numbers Growing. Source: Santiment”>

$XRP Millionaire Numbers Growing. Source: Santiment

The chart indicates that 42 new wallets of this size have returned to activity on the ledger since the start of the year. At today’s $XRP price, each wallet is worth at least $1.8 million.

This development is widely seen as a bullish long-term signal. If selling pressure weakens while whale accumulation continues, $XRP could recover sooner than expected.

“A net of +42 wallets with at least 1M $XRP have returned to the ledger, an encouraging sign for the long-term,” Santiment reported.

The second major record comes from activity on decentralized exchanges.

According to CryptoQuant, the 14-day average number of DEX transactions on the $XRP Ledger has reached 1.014 million, breaking above a ceiling that had held since early 2025.

$XRP Ledger: DEX Transaction Count. Source: CryptoQuant”>

$XRP Ledger: DEX Transaction Count. Source: CryptoQuant

This surge may reflect Ripple’s ongoing expansion of institutional and national partnerships over the past year. These efforts have aimed to increase adoption and real-world use of the $XRP Ledger.

The chart suggests this is not just a short-term spike. The moving average confirms a steady upward trend in trading activity.

The rise highlights growing demand for token swaps and DeFi interactions across XRPL.

“Historically, breaking such a long-standing resistance in on-chain activity often correlates with renewed market interest and potential positive price action for the native asset,” CryptoQuant analyst CryptoOnchain commented.

Additionally, a comparison of $XRP’s transaction volume and price may indicate an early recovery.

Data from Artemis shows that $XRP’s daily chain transactions have exceeded 2 million, reaching 2.5 million at certain points this month.

Ripple Chain Transactions. Source: Artemis

Historical patterns reveal two similar periods in 2025 when transaction counts surged above 2 million. The first occurred between January and March 2025, and the second between June and July 2025.

Both phases were followed by explosive price moves. $XRP formed a “god candle” rally above $3, and it reached an all-time high of $3.6 in July. Because of this, the recent return of strong on-chain activity may suggest the potential for another similar breakout.

These records do not guarantee that $XRP will avoid further downside, especially given the broader negative sentiment across the crypto market. However, they note that the $XRP Ledger’s underlying fundamentals remain strong. This sustained network growth continues to support confidence in a possible recovery ahead.

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