- XRP active addresses plunged 44% in a week, signaling waning network demand.
- Co-founder Chris Larsen moved 50M XRP to exchanges, raising sell-off concerns.
- Price dropped nearly 11%, struggling to hold above the $3 mark amid weak sentiment.
XRP’s network has hit a weird patch. Active addresses on the ledger plunged 44% in just seven days, with price action following the same trend—down nearly 11%, now floating around that $3 line. The spike in user activity on July 21 didn’t last long either, dipping hard by the 27th. That quick burst of traffic fizzled out fast.
At the same time, Ripple co-founder Chris Larsen has been moving big stacks—about 50 million XRP—straight to centralized exchanges since mid-July. Those moves, paired with falling network usage, are sparking real concerns about where XRP might be headed next. The token’s got some weight pressing down on it right now, and not much wind at its back.
Network Activity Cools Off Fast
So, here’s how it went down: XRP’s weekly active addresses hit 44,143 on July 21… and then boom—down to 24,644 by the 27th. There was a small bump on July 20, around 30K addresses, but that didn’t stick. Once usage started dipping, sentiment kind of collapsed with it. Traders just weren’t biting anymore.
That dip in engagement? It’s more than just numbers on a chart—it signals fading interest. Less interaction = fewer transactions, which ends up squeezing liquidity. The price followed suit, slipping from $3.55 to about $3.16, and yeah, it’s not holding ground all that well. Bitcoin’s probably soaking up a good chunk of the liquidity XRP’s losing right now.
Whale Moves Stir More Uncertainty
Zooming in on Chris Larsen: since July 17, he’s shuffled around $140M worth of XRP to wallets linked with exchanges. That’s around 50 million tokens—most of which look like they’re heading to liquid markets. Oh, and he dropped 10 million more into a pair of now-dead wallets. That part’s a bit… strange.
Some folks think this is just routine stuff. Others? They’re more worried. Larsen still controls around 2.5 billion XRP (roughly $9B), which means he could—if he wanted—swing the market hard. With network activity dropping and whales making waves, the fear of big sell-offs is definitely creeping in.
XRP Needs Support—Fast
The combo of declining network health, slipping price, and whale transfers isn’t doing XRP any favors. Right now, there’s little support keeping it propped above $3. The market wants confidence, but what it’s getting is hesitation. If things don’t turn soon, XRP could find itself searching for a new bottom
