The XRP Ledger (XRPL) has reached a new milestone, processing over 5.1 million transactions in a single day on June 15 — its busiest period ever. Unlike spikes seen on other blockchains, analysts say this growth stems from genuine user activity rather than automated traffic, highlighting the network’s maturing ecosystem.
According to blockchain analyst Ripple Van Winkle, the surge in transactions was driven by real use cases such as NFT minting, asset transfers, and decentralized trading. Impressively, XRPL handled the increased demand without experiencing performance issues or rising fees, maintaining its reputation for speed and efficiency.
“There were no delays, no fee spikes, and no signs of system stress,” Van Winkle noted. “That’s exactly the kind of consistency institutions are watching for.”
User participation on the network also continues to climb. Fresh data shows XRP wallet registrations have now surpassed 7.1 million. Additionally, the number of wallets holding more than one million XRP has risen above 2,700 — a new all-time high — suggesting continued confidence among larger investors.
🚨 XRP ADDRESS EXPLOSION 🚀
— Ripplexity (@RippleXity) June 21, 2025
Over 7.1 million wallets now hold XRP — a number that’s never been higher in its 12+ year history.#Ripple #XRP #XRPL pic.twitter.com/wsT0aaTYLz
This reliability and scalability come at a time when the broader crypto market remains uncertain. Market watchers say XRPL's steady performance positions it as a strong candidate for institutional adoption, even if XRP's token price hasn't mirrored that momentum in recent weeks.
XRP Price Faces Pressure Amid Profit-Taking
Despite the network’s record-breaking performance, XRP’s price has declined. The token is currently trading around $2.07, down roughly 3% in the past 24 hours and nearly 15% over the past month.
Data from on-chain analytics platform Glassnode shows that long-term holders are realizing profits, with daily realized gains reaching up to $68.8 million in early June. Much of this appears to come from investors who bought in before XRP’s late 2024 rally, which saw the token peak at $3.36 in January.
XRP is trading above $2, more than 3x higher than its base price before the sharp rally in November 2024.
— glassnode (@glassnode) June 19, 2025
Investors who accumulated earlier are sitting on over 300% gains.
In early June, they began realizing profits at a pace of $68.8M per day (7D-SMA), signaling a wave of… pic.twitter.com/N8DLs0EXpQ
“XRP remains over 3x higher than its pre-rally base price,” Glassnode reported. “That’s a solid return for early accumulators, some of whom are now taking profits.”
While this selling pressure has weighed on price action, analysts remain cautiously optimistic. Many point to XRPL’s growing real-world utility, especially as it begins supporting tokenized assets like USDC and U.S. Treasuries.
