XRP’s blockchain is showing signs of slowing momentum, with a notable drop in user engagement. Active addresses have plunged from over 44,000 to just under 25,000 in the span of a week, highlighting a rapid cooldown after a short-lived spike in network activity.
This network pullback has come alongside a price dip, with XRP falling from $3.55 to $3.16 — an 11% slide that has dragged sentiment down.
Traders are now eyeing the $3 support zone as capital appears to rotate back toward Bitcoin, stalling interest in altcoins.
Part of the unease stems from major token movements linked to Ripple co-founder Chris Larsen. Since July 17, over $140 million worth of XRP has been transferred to exchanges, fueling speculation about potential sell-offs.
In total, around 50 million tokens have moved, and some have landed in dormant wallets — raising more questions than answers.
While some argue these actions are routine, analysts caution that Larsen’s remaining holdings — estimated at 2.5 billion XRP — could still impact the market if more large transfers occur.
For XRP to regain momentum, a broader altcoin revival or regulatory catalyst may be needed. Hopes remain tied to the possible approval of a spot ETF or a resolution in Ripple’s ongoing legal battle with the SEC.
Until then, price recovery may depend more on Bitcoin’s lead than XRP’s internal fundamentals.
