XRP Network Activity Surges Amid Bearish Trend

XRP's network activity has seen an explosion in growth, with the addition of 489,739 new accounts in the first half of 2026. This brings the total number of accounts on the XRP Ledger to a new peak level of 8.403 million in July, up from 7.913 million.

The exchange supply of XRP has also declined to a new 7-year low of 2.748 billion tokens, indicating accumulation as coins are moved to self-custody and circulating supply is reduced.

Ripple's RLUSD market cap has seen growth on both the XRP Ledger and Ethereum networks, with Ripple minting 15 million RLUSD on Ethereum and burning 10 million in their treasury. The price of XRP remains around $1.07, but still down by over 66% since last July.