Data from Santiment shows a significant increase in activity on the XRP Ledger after the price of XRP briefly surpassed $1.54 on May 16 – a level it hadn’t reached in two months.
Summary
- XRP network activity hit two-month highs after price briefly reclaimed levels last seen in March.
- Spot XRP ETFs logged $60.50 million weekly inflows, their strongest week since late December 2025.
- ETF demand failed to hold the breakout as XRP slipped back below key resistance again.
The analytics firm said active addresses reached 48,453, the highest level since March 30.
Santiment noted a surge in new network addresses – 3,317, the most since March 19th. While some of this increase was likely due to fear of missing out (FOMO) as prices changed, the firm emphasized that a higher number of transactions can be a positive sign for long-term growth if it indicates genuine user adoption.
Spot XRP ETFs saw significant investment this past week, with inflows totaling $60.50 million – the highest amount since the week of December 26th, according to SOSoValue data. So far in May, these ETFs have attracted nearly $95 million in investment, surpassing the total for all of April.
Before this week’s data was released, Crypto.news had already noted increasing interest in XRP ETFs. On May 11, U.S. XRP ETFs saw $25.8 million in net inflows for the day – the highest amount since January 5.
XRP breakout fails near resistance
XRP’s price recently attempted to continue rising, boosted by increased money flowing into ETFs and progress on the CLARITY Act in Washington. As crypto.news noted earlier, Standard Chartered predicted that if the CLARITY Act passed through the Senate Banking Committee before May 21st, XRP ETFs could see an additional $4 to $8 billion in investment.
Unfortunately, the recent upward momentum didn’t last. As I was monitoring the market, XRP ran into a known resistance level and then pulled back. According to data from Crypto.news, XRP was trading around $1.42, giving it a market capitalization of approximately $87 billion. This currently places it behind BNB in terms of overall value among the major cryptocurrencies.
The recent success of XRP ETFs builds on a strong performance in April. According to Crypto.news, these ETFs saw $81.63 million in investments during April – their highest monthly inflow of 2026. This is a significant turnaround from the $31.16 million outflow experienced in March.
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2026-05-17 19:02