XRP Network Growth Surges with 4,300 New Wallets and Ledger Upgrade on May 27

Key Insights:

• XRP Network sees the fourth-largest spike in network growth this year.
• The XRPL Foundation is preparing to activate a new amendment on May 27, announcing upgrades to NFTs, vaults, lending protocols, etc.
• Analysts remain divided on short-term XRP price action, and a potential correction before the big upside.

Ripple’s native cryptocurrency XRP is once again in the limelight. XRP price chart shows a potential setup for a breakout ahead. Another XRP news is that the Ripple network is seeing strong growth, with 4,300 new wallets created.

Blockchain analytics firm Santiment reported that XRP recorded the creation of approximately 4,300 new wallets within 24 hours. This is the fourth-largest spike in the network growth this year, in 2026.

According to the analytics firm, rising network growth remains one of the leading on-chain indicators. It’s often associated with potential price reversals. The analysts are hopeful that the XRP price could soon reverse its trajectory from here.

Per the XRP news, Ripple is integrating the XRP Ledger with the global banking infrastructure this May. This strategic move allows financial institutions to execute seamless cross-border transactions through a single flow.

As a result, institutions will be able to execute cross-border transactions through a single integrated flow.

In another major announcement, the XRPL Foundation is preparing to activate the fixCleanup3_1_3 amendment on May 27. These new upgrades directly resolve issues with NFTs, permissioned domains, and vaults. They also introduce a brand-new lending protocol to the XRP Ledger.

Network data shows that nearly 46% of the XRPL network’s 846 nodes upgraded to support the amendment by May 19. XRP news reports that this adoption rate continues to climb as more operators implement the software update this month. The numbers have been increasing since earlier this month.

Despite the relatively low node adoption rate, all 35 validators are on the default Unique Node List (dUNL). The dUNL drives consensus for most XRP Ledger users who have voted in favour of the amendment.

Ripple CTO David Schwartz also addressed the concerns surrounding the potential chain split. He stated that a credible fork scenario would require at least several independent validator operators willing to support an alternative chain.

Analyst MichaelXBT noted that the XRP price could see another short-term shakeout before a longer-term breakout.

According to the analyst, XRP has declined approximately 62% from its July 2025 all-time high. As of now, it is currently trading at $1.37 amid broader weakness across the crypto market.

MichaelXBT noted that the prolonged correction has led to the formation of a falling wedge pattern on the weekly chart. This technical chart setup often reflects potential bullish reversals.

The analyst added that XRP has been trading within the wedge structure since July 2025. It has now reached the apex of the pattern.

Another analyst, Cryptorphic, noted that the XRP price has broken below the lower support trendline of a major symmetrical triangle pattern.

According to the analyst, the triangle pattern began forming after XRP rebounded from its February decline toward the $1.10 level. This led to a longer period of price consolidation.

Cryptorphic stated that XRP is now expected to retest the broken lower trendline. This could act as a new resistance following the breakdown.

According to the latest XRP news, Cryptorphic warns that the token could drop to its next major support level near $1.21. This decline is likely if the asset fails to retrace its previous symmetrical triangle.

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