XRP Tops $1.60 as Whale Transactions Hit Monthly High

XRP rose above $1.60 on September 22, marking its first breach of that level since early February. The price move coincided with a surge in on‑chain activity among large holders.

Large Transfers Reach Monthly Peak

Blockchain analytics firm Santiment recorded 1,917 XRP transactions valued at $100,000 or more on the day of the breakout. This represents the highest count of such “whale” transfers in roughly a month.

New Wallet Creation Signals Network Growth

During the same period, Santiment identified 3,647 newly created XRP wallets. While a new address can be opened for various reasons—such as a fresh user, an exchange operation, or fund segregation—the metric indicates increased activity on the ledger.

Exchange Volume Highlights Market Interest

On South Korean exchange Upbit, XRP generated about $350 million in trading volume on September 21, outpacing Bitcoin’s roughly $225.8 million on the same platform. The volume reflects active buying and selling but does not directly correlate with the on‑chain whale transfers.

Stablecoin Context on the XRP Ledger

Santiment noted that tokenized‑asset and RLUSD balances on the XRP Ledger total roughly $4.26 billion. Ripple reported $2.3956 billion of circulating RLUSD as of early September, with about $1.05 billion held on the XRP Ledger.

ETF Activity and Institutional Interest

U.S. investors can already access several XRP‑focused ETFs, including products from Bitwise, Franklin Templeton, and Grayscale. Bitwise filed a post‑effective amendment to its XRP ETF registration on September 18. Spot XRP ETFs recorded $9.56 million of net inflows over the five sessions ending September 18, extending a ten‑week streak of weekly inflows and bringing cumulative net inflows to approximately $1.71 billion.