XRP Ledger sets 3 January records as whale wallets, DEX and chain activity rise

The XRP Ledger set three major on-chain records in January even as XRP’s price weakened below $1.9, signaling a potential recovery, BeInCrypto reports. On the whale front, Santiment data show the number of wallets holding at least 1 million XRP has begun to rise for the first time since September 2025, with a net +42 such wallets returning to the ledger.

The article notes that, at today’s XRP price, each of those wallets is worth at least $1.8 million and that the development is widely seen as a bullish long-term sign. Activity on decentralized exchanges also jumped: CryptoQuant recorded a 14-day average of 1.014 million DEX transactions on the XRP Ledger, breaking a ceiling that had held since early 2025.

The surge may reflect Ripple’s expansion of institutional and national partnerships, and CryptoQuant’s analyst CryptoOnchain said historically such breaks in on-chain resistance often correlate with renewed market interest and potential positive price action for the asset. Chain-level activity rose as well.

Artemis data show daily XRP Ledger transactions exceeded 2 million, peaking at about 2.5 million this month. BeInCrypto notes two similar transaction surges in 2025 were followed by explosive price moves — including rallies above $3 and an all-time high of $3.6 in July — which is why some see the current activity as a possible signal for another breakout.

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