While the price is quiet... XRP, surpassing Solana, begins market dominance activities

▲ XRP

An analysis suggests that an unusual structure has emerged in the XRP network, showing a sharp increase in transaction activity that deviates from price movements.

According to the cryptocurrency specialized media Bitcoinist, AccountSet transactions on the XRP Ledger have increased explosively since 2026, reaching an all-time high. These transactions are not simple transfers but operations used for network-based infrastructure development, such as setting account permissions, activating features, and connecting domains, differing in nature from a mere increase in transaction volume.

In particular, the number of AccountSet transactions surged to over 120,000. This figure exceeds what typical individual users can generate, indicating that large-scale preparatory work is underway within the network.

This change coincides with an overall increase in transaction volume. The daily transaction count on the XRP Ledger is approaching 3 million, nearly tripling from around 1 million in mid-2025. Recently, it has been analyzed that the network has entered a phase where over 3 million transactions occur daily on a continuous basis.

The increase in wallets is also evident. The number of active addresses on the XRP Ledger has surpassed 7.7 million, setting a new all-time high in the network's history. This is interpreted as an indicator of an expanding real user base, not just speculative demand.

However, the price shows a different trend from these rising on-chain indicators. XRP remains at a lower level compared to its past highs, and the divergence between network activity and price is emerging as a key market variable.

Zach Pandl, Head of Research at Grayscale, stated that 'XRP price revaluation is possible once regulatory clarity is secured,' adding that the passage of the US cryptocurrency market structure bill could be a crucial variable for future price movements.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*