XRP Price Pump Continues as New Wallets Growth Hits Record Highs

Since the Ripple-SEC lawsuit began, many people thought it was the end for XRP.

Since the time the Ripple (CRYPTO: XRP) - Securities and Exchange Commission lawsuit began, many thought it was game over for XRP.

What Happened: After its price dropped to $0.10 from its all-time high and most believed it would never recover, Ripple’s native token XRP is now among the top-performing cryptocurrencies, ranking in the 3rd position with a weekly gain of 25%.

Some experts believe a further surge to new highs is in sight as XRP aims for the $6 mark.

What Contributed To The Rise: One of the strongest signs of renewed interest in XRP is happening on-chain. The total number of non-empty XRP wallets is nearing 6.5 million, which is the highest in the network’s 12-year history.

To put this in perspective, around 638,000 new wallets were added in the first few months of 2025 alone, a more than 11% increase, showcasing that retail and institutional users are re-engaging with the network.

Another bullish report came from a $100 billion asset manager, WisdomTree (OTC:WSTY), which named XRP the only altcoin that it feels slots in well with Bitcoin (CRYPTO: BTC) in a crypto portfolio.

Also, futures market data from Binance shows that XRP Open Interest, which previously dropped from a $1.5 billion high to $530 million, is now climbing once again.

Cryptoquant onchain analyst FundingVest says that short-sellers are getting more aggressive, but buyers are able to hold strong, which could mean the sellers are getting “absorbed,” a signal that XRP might be preparing for a breakout.

The funding rates have also turned neutral, but on-chain data suggests shorts are slowly building while prices manage to stay stable.

According to Coinglass, XRP saw $6.86 million in total liquidations recently. Of this amount, $3.59 million came from long-term holders, and $3.27 million was liquidated from short traders.

However, despite this shakeout, XRP has managed to hold its price, which is another indication of strength in the current uptrend.

What’s Next For XRP: Popular technical analyst MackAttackXRP is noticing a bullish pennant pattern forming on the weekly chart. If this pattern breaks upward, then XRP could aim for a move above the $3.40 resistance, potentially hitting $3.60 in the short term.

Some bullish projections even place targets as high as $5.00 to $6.00 if the momentum continues.

As of now, XRP is being sold at $2.57, showing a rise of 4% in the last 24 hours, and if the momentum manages to sustain, then the next stop could be $3 by the end of this week.