The XRP Ledger logged a sharp rise in daily active accounts on October 26, even as XRP continued to trade near $1.29. The widening gap between network usage and price performance follows months of comparatively subdued on-chain activity throughout the year. Active-account readings are among the on-chain indicators observers use to track network usage separately from price action, which is why stretches where the two move in opposite directions tend to draw scrutiny.

Active Accounts Surge Above the Monthly Norm

Figures attributed to XRPScan put active accounts at 30,604 on October 26, compared with a 30-day average of 18,600. That places the latest count roughly 65% above the monthly norm and approaching twice the 15,000 to 16,000 accounts recorded on slower days. The reported figure also climbed 6% from the previous day.

Active accounts measure unique senders that use the network during a given period. Because the count reflects a measurement window rather than a running total, it captures day-to-day usage instead of the ledger's cumulative footprint. The metric does not reveal how many individuals control those accounts, or why the underlying transactions occur.

The one-year chart shows most daily readings during 2026 falling between 13,000 and 20,000, a band that has functioned as the ledger's working baseline for the year. Activity eased between June and August, then picked up again in September. A separate report on network transactions stated that the ledger processed 3.6 million transactions over 24 hours on October 24.

Higher Account Counts Do Not Signal New Buyers

Network use can increase when wallets send XRP and place trading orders, and a single person or business can operate several accounts at once. The active-account count on its own therefore cannot distinguish routine usage from short-lived market activity.

That distinction matters because transaction numbers and payment values can move in different directions. A higher account count does not, by itself, establish new customer growth or steady demand for XRP. Cross-checking a usage spike against wallet growth, holder distribution, and exchange balances is a common way to test what a single-day move represents, since each of those series tracks a different part of the network.

XRP Holds Near $1.29 With Weak Technicals

On TradingView's daily chart, XRP stood near $1.29 on October 26, down from the $1.55 to $1.60 levels seen through September and October. An October 23 market report traced the decline toward $1.30 to buyers' failure to hold the $1.40 level.

XRP remained below several moving averages as of October 26, and the relative strength index stayed in the lower half of its range. Reports placed nearby support around $1.25 to $1.26 and resistance near $1.35 to $1.40, giving market watchers defined reference points for how the current range develops. The surge in ledger activity has so far not reversed that trend.

Wallet Growth Continues Despite Price Weakness

Meanwhile, wallet figures put the total number of nonempty XRP Ledger wallets at a reported record of 8.24 million. The same report described fewer large XRP holders and higher exchange balances, pointing to another measure of market activity. Total wallet counts accumulate over time, so records there reflect the network's cumulative footprint rather than any single day's usage, which is why such shifts are typically read alongside daily activity data rather than in isolation.

Daily active accounts and total wallets track different measures of the network. Upcoming readings will show whether the recent jump in account activity holds above its monthly average.

This article is based on reporting by CoinCentral.