Is Fresh Capital Fueling XRP’s Next Move? 3 Key Signs From July

Alongside XRP’s strong price rally in July, its ecosystem also set several noteworthy records.

These records may signal a turning point for XRP. They also reinforce the altcoin’s fundamental growth drivers. What are those factors? This article breaks them down in detail.

XRP Ecosystem Sets New Records in July

The first and most obvious sign of XRP’s growth is the number of new accounts activated on XRPL. According to data from XRPScan, the number of new accounts surpassed 10,000 on July 18, marking the highest daily total since February.

Number of New Accounts Activated. Source: XRPScan.

Although this number hasn’t broken the all-time daily record—over 30,000 in December 2024—it has steadily increased throughout July. This trend shows that XRP is attracting new investors. Many of them may become long-term holders.

In addition, the number of daily active wallet addresses surpassed 50,500. That’s a 100% increase from the previous month and the highest since February.

Another notable record is the total value locked (TVL) on XRPL. It recently hit an all-time high (ATH), exceeding $92 million. Most of this growth came from XRPL’s decentralized exchange (DEX).

XRP Ledger Total Value Locked. Source: DefiLlama

This number remains modest compared to TVLs on other blockchains. However, it marks the first breakout after nearly a year of stagnation.

Moreover, Ripple’s official XRPL EVM Sidechain Mainnet launch in early July created new opportunities to lock value in liquidity pools. This directly helped boost the DEX’s TVL.

1/ Momentum is building on the XRPL EVM Sidechain.