• XRP Ledger records 21,595 new wallets in just 48 hours, the fastest growth in eight months.
• Ripple partners with Mastercard to test RLUSD stablecoin settlements on XRPL.
• XRP trades near $2.32, facing resistance amid a technical correction phase.

The XRP ecosystem has witnessed a remarkable surge in user activity this week. Data from Santiment revealed that over 21,595 new XRP wallets were created within 48 hours, the highest two-day growth recorded in the past eight months.

This increase signals a strong revival of retail and institutional interest in the XRP Ledger (XRPL), especially after its recent price rebound.

Santiment reported that XRP buyers who entered during the recent market dip saw a 12% gain in just one day, highlighting renewed optimism in the asset’s near-term performance.

At the same time, Xaman Wallet confirmed another significant achievement, the successful closure of 100 million XRPL ledgers without missing a single validation cycle since its inception.

This consistency reinforces XRPL’s reliability as a decentralized network maintaining uninterrupted ledger validation since launch.

Adding to its growing ecosystem, XRPL’s autobridging feature continues to play a central role in maintaining liquidity. 

The mechanism automatically creates synthetic XRP pairs for better conversion rates when trading issued tokens or stablecoins, giving users efficient and cost-effective swaps across the decentralized exchange.

Ripple–Mastercard Partnership Lifts Market Confidence

One of the primary drivers of the present price movement of XRP is the recently established partnership between Ripple and Mastercard. 

As reported by TronWeekly, the initiative is aimed at testing its new stablecoin, RLUSD, issued on XRPL, for facilitating payments through credit cards.

With its processing of more than $9.7 trillion of transactions last year, Mastercard brings massive financial infrastructure into this pilot program.

Its integration with Ripple, a blockchain payment system, shows that there is a trend of mainstream adoption of blockchain payment technology.

Previously, these firms have co-presented on the same stage at Ripple’s Swell events and collaborated on the BIS task force on payment interoperability. This is the natural progress of expanding Ripple into mainstream financial infrastructure.

XRP Price Nears Resistance Amid Technical Correction

At press time, XRP is trading at $2.32, up 4% within the last 24 hours. But market analysts have predicted that the price may meet some resistance around the levels of $2.30-2.40.

According to analyst CasiTrades, XRP actually came close to its expected Wave 3 low of about $2.05 before reversing and turning around, indicating that it is still within its correction phase.

As per Elliot Wave analysis, XRP may witness a test of lower levels before stabilizing for a positive recovery. The $2.30 region is a critical resistance, and breaking above $2.40 significantly will trigger a breakout indication.

Until then, market volatility is expected as market participants are waiting for a bottom formation sign indicating completion of the correction phase.

Also Read: Breaking: Ripple’s $500M Raise at $40 Billion Valuation Marks Record Year for Crypto Firm