- XRP network growth has slowed significantly, with new addresses down about 85% since the 2024 rally peak.
- On-chain activity and token movement have declined, signaling reduced speculation and lower retail participation.
- Despite this slowdown, XRP remains in a key technical setup, with a potential breakout above $1.45 still in play.
Something’s clearly shifted under the surface for XRP. The price hasn’t collapsed or anything dramatic like that, but the network itself… it’s quieter now. Way quieter. Data from Glassnode shows new wallet creation has dropped off hard, falling from around 18,000 new addresses per day back in December 2024 to just about 2,700 today. That’s an 85% decline, which, honestly, is not small.
Network Growth Slows After the Hype
Back in late 2024, everything was moving fast. Price was climbing, new users were pouring in, and activity across the network felt… alive. That surge in new addresses usually signals fresh capital, new participants, maybe even a bit of hype-driven momentum. But that phase didn’t last.
Through 2025 and into now, the trend has steadily cooled. Fewer new wallets, less onboarding, and a noticeable drop in that kind of retail-driven excitement. It doesn’t necessarily mean XRP is in trouble, but it does suggest that the speculative wave that pushed things higher has mostly faded out.
Less Activity, Fewer Coins Moving
And it’s not just about new users. The amount of XRP actively moving across the network has also dropped pretty sharply. At the peak, daily activity was sitting around 7.45 billion XRP. Now, it’s closer to 2 billion. That’s a big difference.
When fewer tokens are moving, it usually points to lower trading activity. Maybe traders have stepped back, maybe they’ve rotated into other narratives—AI tokens, memecoins, whatever’s trending. Or maybe long-term holders are just sitting tight, not really interested in chasing short-term moves anymore. Could be a mix of all three, honestly.
A Slower Market, But Not Necessarily a Weak One
So what does all this mean? It’s tempting to see declining activity as bearish, but it’s not that simple. Yes, speculation has cooled. Yes, retail interest isn’t what it was during the rally. But that kind of slowdown can also bring stability. Less hype often means less volatility, and sometimes that’s exactly what a market needs before its next move.
From a technical angle, things are getting interesting again. XRP is still trading inside that tightening triangle pattern, slowly compressing between rising support and resistance near $1.45. If it breaks above that level with a strong close, there’s room for a push toward $1.80. If not… it probably just keeps ranging, bouncing between support around $1.36 and $1.29.
In a way, XRP feels like it’s in reset mode. The noise has died down, the hype cycle cooled off. Now it’s more about structure than excitement—and whatever happens next will likely come from that foundation, not speculation alone.
