New account activations on the network behind XRP (XRP) hit 11,432 in a single day, over four times the 30-day average, as the token briefly touched $1.65.
Key Points:
- The XRP Ledger logged 11,432 new accounts in one day, against a 30-day average near 2,700.
- No exchange or network body has explained who funded the accounts or why.
- The spike arrived as XRP broke out of a range that had capped it since late August.
XRP Ledger Account Surge
The ledger recorded 11,432 newly activated accounts in one day, compared with a 30-day average of roughly 2,700, according to data from XRPScan, a blockchain explorer that tracks the network. That puts the reading about 323% above the baseline. A separate 24-hour comparison on the explorer's dashboard showed a 245.1% rise, since it measures against a different reference period.
The cause remains unclear.
On the XRP Ledger, an address becomes an account only after someone sends it enough XRP to cover the network's reserve requirement. Exchange infrastructure work, wallet migrations, app onboarding and speculative trading can each create thousands of such accounts within hours. The raw count cannot show which of them drove this jump.
Some observers linked the timing to upcoming protocol changes, including Batch V1.1, an amendment that would let accounts bundle up to eight transactions and is set to activate around Sept. 29 if validator support holds. A second upgrade, PermissionDelegationV1_1, which lets accounts delegate specific permissions, is on track for Oct. 5.
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Demand Questions
Crypto analyst Arman Shirinyan warned that the account spike should not be read as a sign of bullish demand for the token. He said the real test is whether the activity lasts or quickly drops back toward the usual 2,700 level. Price action has not settled the question either.
XRP trades near $1.54, up about 16% over seven days, after sellers pushed it from the $1.65 local high back toward $1.46. Leveraged funds on CME cut their net short position by about 46.3 million XRP in the week to Sept. 15, while comparable bets on Coinbase Derivatives barely changed.
The latest reading still sits below the explorer's all-time high of 30,600 new accounts and a peak near 15,000 set earlier in 2026, though it ranks among the largest spikes of the past year. XRP itself had traded under a declining resistance line since late August, before the recent breakout lifted it from about $1.40. That old ceiling, between $1.39 and $1.40, now acts as key support just above the 200-day moving average at $1.36.
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