XRP Ledger Activity Suddenly Exploded This Week, What Is It Signalling

The XRP Ledger recorded an abnormal surge in AccountSet and AMM Bid transactions this week, triggering widespread discussion across crypto Twitter. The ledger processed more than 40,000 AccountSet transactions in late November, marking its highest configuration activity in years.

The activity continued even after BitGo ended its batch updates. This indicates new actors are preparing or reconfiguring large numbers of accounts, rather than routine custodial adjustments.

AccountSet transactions update settings, including security flags, AMM (Automated Market Maker) permissions, and multi-sig configurations. They are typically used when institutions prepare accounts for new services or liquidity operations.

Someone is doing a lot of AccountSet TXs on the XRP Ledger recently. Even after BitGo stopped. pic.twitter.com/rhdYGqFzLr

Therefore, a spike of this magnitude suggests structured onboarding. Analysts believe this may involve custodians, market makers, or automated systems configuring XRPL accounts at scale.

The pattern resembles network preparation rather than retail behavior. 

Previous spikes linked to custodial maintenance did not reach current levels, reinforcing the view that new participants are entering the network.