XRP surged nearly 20% in a single day on February 6, 2026, reaching $1.50. This surge, which occurred amidst a surge in large-scale whale transactions and improved network activity indicators, is attracting significant market attention.
According to on-chain data, there were 1,389 large transactions exceeding $100,000, the highest in the past four months. Simultaneously, the number of unique addresses on the XRP network has increased to approximately 79,000, demonstrating rapid growth in usage.
Market analysts say this trend is intertwined with recent expectations for the expansion of the XRP Ledger (XRPL) ecosystem. XRPL is a blockchain specialized for payments and remittances, and discussions about its potential use in DeFi and institutional finance have recently resurfaced.
Notably, this XRP rally comes at a time when Bitcoin (BTC) and Ethereum (ETH) are relatively weak, suggesting a potential for capital movement within the market. Some analysts have noted that in the past, XRP has experienced additional upward momentum following a surge in whale trading and improvements in network metrics.
The industry believes that whether XRPL's scope of use expands and whether institutional investors continue to show interest will be key variables that will determine the medium-term trend of XRP.
