XRP has been on the move, evidenced by increasing whale wallet activity as well as the asset’s sudden price surge. In June 2025 XRP whale wallets crossed the tremendous milestone. Briefly, they spiked to a 12-year record 2,708 wallets with more than 1 million XRP each! When combined with a sevenfold increase in daily active addresses, these health metrics provide a picture of increasing investor confidence in the digital asset.

XRP’s price performance of late has far outpaced the wider crypto markets. After gaining 1.8% on Friday, XRP got up by 2.02% on Saturday, June 28 to close at $2.1865. This performance was well ahead of the broader market’s 0.59% increase, which lifted the total cryptocurrency market cap to $3.26 trillion.

XRP's Origins and Purpose

Launched in June 2012, XRP was designed from the ground up to overcome the shortcomings of first-generation blockchains. As co-founder Chris Larsen explained at the time, the project’s original purpose was to do better than Bitcoin.

"In the beginning, we wanted to build a better Bitcoin… and we created XRP." - Chris Larsen

The hope was to deliver a faster, more scalable, and sustainable alternative digital asset to fulfill the payment use case. The project was initially named "Ripple." Within weeks of XRP’s initial launch, Ripple Labs (then OpenCoin) was formed to research and create enterprise use cases for XRP.

XRP’s speed and scalability are features that set it apart from Bitcoin. XRP’s blockchain boasts that its technology can settle 1,500 transactions per second. In addition, XRP enables the real-time transfer of value between all fiat currencies in order to eliminate the need for pre-funded nostro accounts.

Addressing Blockchain Limitations

XRP was designed with the explicit purpose of preventing the pitfalls that plagued the very first blockchain developers. It helps to solve slow transaction times, environmental impact and lack of scalability. The technology behind XRP was free and open, but Ripple Labs was created to build its enterprise use cases.

Introduced thirteen years ago, the XRP Ledger is more efficient and sustainable than mainstream alternatives and serves as a better foundation for digital payments. It does this by allowing value to transfer between two distinct fiat currencies seamlessly, quickly and at virtually no cost.

Market Confidence and Future Outlook

The current spike in XRP whale wallets and daily active addresses is indicative of increasing confidence from the market. This increased network activity, combined with XRP's ability to outperform the broader market, paints a positive picture for the digital asset's future.

XRP's purpose extends beyond simple remittances. The non-physical digital asset is taking off at an unprecedented pace. Its swift and secure management of large transaction volumes positions it at the forefront of the rapidly changing world of digital finance.