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Portfolios are approaching 8 million
Total number of activated accounts on the XRP Ledger reached 7,856,080, putting the network within striking distance of a milestone that has been building for months.
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That figure was further boosted by a strong increase in the number of new portfolios: 3,317 new portfolios were added in one day, the strongest value since March 19.
New portfolio activity had been relatively quiet for most of May, falling to around 2,200 on May 10 before rising again in the days that followed.
Active addresses on the network have also jumped. According to Santiment, 48,453 unique addresses were active within a 24-hour period – the highest number since March 30.
The price of XRP had climbed above $1.54 during that period, a level it had not reached for about two months, before falling back below $1.50.
📈 The $XRP A price increase above $1.54 for the first time in two months was enough to help the network erupt to its highest level of on-chain activity since March. The XRP Ledger Just Hit a 24-Hour High:
🏃 Active addresses (48,453: highest since March 30)
👶 Network… pic.twitter.com/iInHHdei5P— Santiment Intelligence (@SantimentData) May 15, 2026
Santiment wrote a large part of the activity wave on the reaction of investors to the price movement. Data shows that broader participation within a blockchain network is generally seen as a positive indicator of appreciation in the medium and long term, even if price-driven excitement is the initial trigger.
Errors increase alongside activity
Separate data from XRPScan added another layer to the photo. The number of active users tracked through source tags and destination tags rose above 184,000 on May 15, the second-highest figure since early April.
At the same time, transaction failures increased sharply. The number of attempts to return the “tecNO_PERMISSION” result – which occurs when a sender does not have authorization for an operation – reached 1,332 on May 19, the highest since March 31.
The number of transaction failures due to ‘tecINSUFFICIENT_FUNDS’, meaning the sender did not have enough of the required assets, rose to 656 on the same date, a peak not seen since April 19.
Price recovery is driving the numbers
XRP joined a broader market recovery this week, briefly reaching $1.54 before resistance slowed the move. That short-term rally was enough to push several network metrics to their best levels in weeks.
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According to Santiment, daily active address counts and new wallet numbers showed no consistent direction for most of the month.
The jump recorded this week broke that pattern. Whether the surge in usage will last beyond the immediate price action remains to be seen, but for now the XRP Ledger recorded its most active period since late March.
Featured image from Pexels, chart from TradingView