XRP: Active Addresses at 22.9K, New Wallets at 14-Month Low as Price Holds $1.09
Network participation on XRP Ledger keeps falling while price stays range-bound near $1.09 — a divergence traders should watch before pricing in demand.
XRP Ledger daily active addresses printed 22,888, down from a recent local high of 25,350 and marking the second-lowest reading of 2026, per Santiment data. New wallet creation dropped to 2,130 — the weakest since November 2024. Price, meanwhile, remains pinned in a $1.05–$1.15 band, last near $1.0962.
Price Stability vs. Falling Participation
The gap between spot price and network usage is the key data point here. XRP has held above the $1 level while both active-address counts and new-wallet formation have compressed to multi-month or year-to-date lows. That combination — stable price, shrinking participation — typically signals that existing holders and liquidity are absorbing supply rather than fresh demand entering the ledger.
The address decline itself has been a grind, not a shock. Santiment’s series shows a multi-week downtrend from stronger early-June readings, with each subsequent print settling lower than the last — consistent with a slow bleed in daily engagement rather than a single exchange-driven outflow event.
The June 15 Bounce: No New-Wallet Confirmation
One interruption to the downtrend came on June 15, when a dip-buying move lifted XRP’s price alongside a temporary uptick in active addresses. The rally reversed quickly: price rotated back into its established range, and active-address counts resumed their decline without reclaiming pre-rally levels.
New-wallet data for that window is the tell. Wallet creation ticked higher during the June 15 move but not proportionally to the spike in price and address activity — meaning the bounce was driven by wallets already active on the ledger, not new capital onboarding. For traders using on-chain metrics as a demand proxy, a price recovery without matching new-wallet growth is a weaker confirmation signal and should be weighted accordingly.
Catalysts Not Yet Showing Up On-Chain
Santiment flags several potential drivers that could reverse the participation slide and support a move toward $1.50: broader RLUSD adoption, growth in XRPL-issued tokenized assets, higher institutional payment volume, continued EVM sidechain development, and the rollout of lending products. Each would theoretically add new users and transaction flow to the ledger.
None of that is visible in current on-chain figures. Active addresses and new-wallet creation remain at depressed levels with no inflection point yet. Anyone treating the current $1.05–$1.15 price stability as a proxy for underlying network demand should first want to see address and wallet-creation trends turn before assuming accumulation is broad-based rather than concentrated among existing holders.
Read more: XRP Wallet Activity Sinks to 25.3K as Exchange Flows Rotate From Coinbase to Bittrex