The XRP Ledger is currently experiencing reduced on-chain activity as key metrics, including active addresses and new wallet creation, have dropped to their second-lowest levels this year. Data from Santiment indicates that the number of daily active addresses has decreased to 25,350, while new wallet creations have fallen to 2,130, marking a significant decline since November 2024.
Gradual Decline in Network Activity
This decline in on-chain participation has been gradual, with active addresses trending lower over several weeks after reaching higher levels in June. Each drop has consistently settled below the previous recorded figures, reflecting diminishing user engagement on the network.
As reported, the daily active addresses went as low as 22,888 following the latest statistics, signifying continued weakness even after a temporary recovery earlier this month.
Persistent Price Stability Amidst Reduced Engagement
Despite the decline in network activity, XRP has maintained a stable price around $1.0962, avoiding a breakdown below the crucial $1 psychological mark. This price stability contrasts sharply with the decrease in active addresses and wallet creation. The current situation indicates a growing discrepancy between XRP’s consistent value and the declining level of user engagement, suggesting that existing liquidity and larger holders are sustaining the price level.
- Active addresses recently dropped to 25,350, the second-lowest level of 2026.
- New wallet creations fell to 2,130, marking a low since November 2024.
- Daily active addresses further decreased to 22,888.
Market data reveals that the brief resurgence in activity during mid-June was primarily driven by existing holders rather than new users entering the XRP ecosystem. As a result, the network failed to regain its previous activity levels, emphasizing the ongoing concern regarding user engagement.
This material is informational and should not be construed as financial advice.
