Failed transactions on the
Wallets going around 8 million
Total accounts activated on XRP The Ledger count reached 7,856,080, putting the network within striking distance of a milestone established months ago.
Related reading
This number was pushed higher by an increase in new wallet creation – 3,317 new wallets were added in one day, the strongest reading since March 19.
New wallet activity was relatively quiet through most of May, falling to around 2,200 on May 10 before rising again in the following days.
Active addresses on the network also jumped. According to Santiment, there were 48,453 unique addresses active in 24 hours – the highest number since March 30.
The price of XRP rose above $1.54 during that period, a level it had not reached in nearly two months, before falling below $1.50.
📈 the $XRP Prices rising above $1.54 for the first time in two months were enough to help the network reach the highest level of on-chain activity since March. XRP Ledger achieved its highest 24-hour period:
🏃 Active titles (48,453: highest since March 30)
👶 Network… pic.twitter.com/iInHHdei5P– Santiment Intelligence (@SantimentData) May 15, 2026
Santiment is credited with a lot of Activity surge Investors’ response to price movement. The data suggests that broader participation across the blockchain network is generally viewed as a positive indicator of valuation in the medium and long term, even when the initial driver is price-driven excitement.
Errors rise alongside activity
Separate data for XRPScan I added another layer to the image. The number of active users tracked by source tags and destination tags rose to more than 184,000 on May 15, the second highest reading since early April.
At the same time, errors of failed transactions rose sharply. Attempts to return a “tecNO_PERMISSION” result — which occurs when a sender lacks authorization to perform an operation — reached 1,332 on May 19, the highest level since March 31.
Failed transactions due to “tecINSUFFICIENT_FUNDS,” meaning the sender did not hold enough of the required assets, rose to 656 on the same date, a peak not seen since April 19.
Price recovery drives numbers
XRP joined a broader market rebound this week, briefly touching $1.54 before resistance slowed the move. This short-term spike was enough to pull many network metrics to their best levels in weeks.
Related reading
According to Santiment, the number of daily active addresses and new wallet numbers showed no consistent trend for most of the month.
This week’s jump broke from this pattern. It remains to be seen if the rise in usage goes beyond immediate price action, but for now, the XRP Ledger has registered its most active stretch since late March.
Featured image from Pexels, chart from TradingView
