XRP Network Activity Surges 655% Amid Price Rebound

XRP's network activity has exploded in recent days, with active addresses surging 654.71% to over 356,000.

This rapid increase in participation comes on the heels of a price rebound, with XRP trading near $0.9882 last week before climbing to $1.70 on August 22 and stabilizing around $1.48-$1.50.

The expansion in network participation is being driven by institutional flows, with XRP spot exchange-traded funds (ETFs) posting $13.82 million of net inflows on August 25 alone.

According to CryptoQuant data, XRP futures trading volume on Binance, Bybit, OKX, and Bitget reached $11.37 billion on August 22, while large amounts of XRP leaving exchanges surged over the same period, with 231 million tokens withdrawn in a single day.