Cryptocurrency Analysis on XRP Activity

Cryptocurrency analyst and trader Ali Martinez recently shared a chart from on-chain data company Glassnode, highlighting a significant increase in active XRP wallets.

This surge occurred alongside a more than 24% increase in XRP’s price in the past week.

Active XRP Whales Surge Along with Price

According to Martinez’s tweet, the number of active XRP addresses jumped by an astonishing 620% over the past week, from 74,589 to 462,650.

> “The number of active $XRP addresses has skyrocketed by 620% in the past week, climbing from 74,589 to 462,650!” pic.twitter.com/eesFlnJw24
> — Ali (@ali_charts) March 5, 2025

This surge follows a previously reported 50% decline in active XRP addresses, which dropped from 202,250 in December to 101,169 by late February, according to Glassnode.

During this time, XRP, the third-largest cryptocurrency, saw a price rise of approximately 25.48%, moving from $1.99 on February 28 to $2.05. The price surged as high as $3.29 on March 2 due to reports of Donald Trump approving the creation of the US strategic crypto reserve, which includes XRP, Bitcoin, Ethereum, ADA, and SOL.

Following this, XRP witnessed a 24.72% decline over two days. However, in the past 24 hours, XRP has increased by 10.27%, currently trading at $2.51.

The peak price surge occurred on March 2 when XRP experienced a remarkable 34.74% increase.

95,254,697 XRP Shake Up OKX

Blockchain tracker Whale Alert reported a massive XRP withdrawal from the crypto trading platform OKX. An anonymous wallet transferred 95,254,697 XRP, valued at approximately $235,584,856, from the exchange. Bithomp identified that the destination wallet is linked to OKX, confirming it as an internal transaction.

> “🚨 95,254,697 #XRP (235,584,856 USD) transferred from #OKX to an unknown wallet” https://t.co/p6JRQA7upU
> — Whale Alert (@whale_alert) March 5, 2025

Whale Alert has been tracking significant XRP transfers, with 199.7 million XRP moved between anonymous wallets and exchanges over the past three days, including Coinbase, OKX, Bithumb, and Upbit. Additionally, on March 2, Ripple released 1 billion XRP from escrow.