According to Santiment data shared on May 16, the XRP Ledger experienced a notable increase in activity as XRP briefly surpassed $1.54 for the first time in two months.
Summary
- Network activity on XRP hit a two-month peak following the price’s return to levels not seen since March.
- Spot XRP ETFs recorded $60.50 million in weekly inflows, marking the most successful week since late December 2025.
- Despite the heightened demand, the momentum for ETFs could not sustain the breakout, and XRP fell back below key resistance levels.
Santiment observed that the number of active addresses rose to 48,453, the highest since March 30.
The firm also reported that 3,317 new network addresses were created, the greatest total since March 19. They attributed part of this growth to “general price FOMO,” while emphasizing that an increase in transactions could foster mid- and long-term growth indicative of real adoption.
Additionally, spot XRP ETFs experienced a strong week of inflows, with SOSoValue data showing $60.50 million in net inflows, the best since the week ending December 26. For May, inflows totaled nearly $95 million, surpassing April’s figures.
Previously, Crypto.news highlighted the renewed interest in XRP ETFs before the latest weekly data. On May 11, U.S. spot XRP ETFs saw $25.8 million in daily net inflows, the highest since January 5.
XRP break attempts stall near resistance
XRP sought to extend its upward momentum following improved ETF inflows and developments related to the CLARITY Act in Washington. As reported earlier by crypto.news, Standard Chartered estimated that if the CLARITY Act progressed through the Senate Banking Committee before May 21, it could lead to an additional $4 billion to $8 billion in XRP ETF inflows.
However, this momentum was short-lived. XRP encountered a familiar resistance zone before retracing. Data from crypto.news revealed that Ripple’s native token (XRP) was trading around $1.42, with a market cap close to $87 billion, ranking just behind BNB among major crypto assets.
Moreover, the recent ETF activity follows a robust April. Crypto.news reported that XRP ETF products garnered $81.63 million in April, marking it as their most successful inflow month of 2026, rebounding from March’s $31.16 million monthly outflow.
Disclosure: This article does not constitute investment advice. The information and materials presented on this page are for educational purposes only.
