XRP Price Shoots to $1.60 As Ledger Activity Hits 5-Week High: What’s Next?

Key Insights:

• The XRP Ledger surpassed 7.7 million wallets, while active addresses hit a 5-week high, signaling renewed demand.
• On-chain data shows drop in XRP supply on the Binance exchange, which could trigger a price upside.
• Analyst Dom noted a strong 9:1 bid-to-ask ratio on Coinbase, with thin resistance above $1.50 for XRP price.

XRP price has started to show strength once again. It jumped more than 10% over the past week, and is moving closer to $1.6.

On-chain metrics show that the Ripple cryptocurrency is gaining major strength. The XRP Ledger activity has now hit a 5-week high, suggesting renewed demand for the altcoin.

XRP Price Jumps As Ledger Activity Hits 5-Week High

XRP price has shown a strong bounce back from the lows of $1.30 earlier in March 2026. This upside comes as part of the broader crypto market recovery, with Bitcoin price surging past $75,000 again. Furthermore, the rising activity on the XRP Ledger has also catalyzed this upside.

Blockchain analytics firm Santiment reported that the XRP Ledger has surpassed 7.7 million non-empty wallets. This happened for the first time in its more than 13-year history. This clearly indicates strong adoption of the Ripple network.

XRP Ledger network activity | Source: Santiment

The firm also noted a surge in network activity, with active addresses reaching 46,767 on Monday. That marked a five-week high.

XRP usage surged, driving a sharp 14% price increase over 48 hours. The token broke above the $1.60 level during this rally.

XRP Price Can Surge Amid Falling Exchange Supply

XRP supply on Binance is tightening, with on-chain indicators pointing to growing scarcity. As per data from CryptoQuant, the XRP Scarcity Index has turned positive to +0.48.

That signals a reduced available supply on exchanges. XRP gained about 5% in the past 24 hours. It reached $1.48, marking its highest level since February.

XRP exchange supply drop | Source: CryptoQuant

On the other hand, crypto analyst Dom stated that XRP’s order book on Coinbase is showing a strong bullish skew. Thus, he added that a 50% upside from here is more likely than a 50% downside.

XRP skew on Coinbase | Source: Dom

According to the analyst, XRP currently has a 9:1 bid-to-ask ratio within a 50% price range around the $1.50 level. Dom noted that sell-side liquidity between $1.50 and $2.00 remains relatively thin. That creates a less resistant path for upward price movement.

In contrast, strong buy walls are stacked below $1.50, around $1.40. This could act as support during pullbacks.

Grayscale Sees Surge in Demand for XRP Products

Digital asset manager Grayscale expects a surge in demand for XRP products moving ahead. Zach Pandl, Grayscale’s research chief, said XRP could see a repricing. He believes this may happen once regulatory clarity improves in the crypto market.

Pandl noted that investor demand for XRP-linked products, including offerings such as GXRP, has been increasing. This shows that clearer regulations could support higher valuations for the Ripple crypto.

Meanwhile, U.S. regulators, including the SEC and CFTC, have moved toward closer coordination on crypto oversight. However, progress on broader legislation remains uncertain.

Delays in the proposed crypto market structure framework could slow progress. Provisions under the Clarity Act may hinder its passage in 2026.

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