XRP Slides 69% From Peak While Existing Wallet Activity Climbs

XRP Price Weakness Collides With Higher Ledger Activity

XRP traded adjacent $1 connected Aug. 13, its lowest level since November 2024 and astir 69% beneath its January 2025 highest adjacent $3.30, arsenic ledger enactment accrued contempt the steep retreat. Santiment’s investigation showed active addresses rising sharply successful August portion new-address instauration remained virtually unchanged from July.

Amid favorable regulatory momentum, XRP climbed adjacent higher successful July 2025, reaching a caller highest of astir $3.65. The summertime rally concisely pushed its marketplace capitalization supra $200 billion, cementing it arsenic 1 of the top-performing assets of that period.

“Price closed astatine ~$1.00 connected Aug 12, the lowest regular adjacent since Nov 2024 and astir 69% beneath the January 2025 highest adjacent $3.30,” Santiment wrote, demonstrating however acold the plus has retreated during the prolonged decline. The steadfast added:

“Activity picked up anyway. Active addresses averaged ~35,700 a time successful August against ~26,400 done July, up astir a third, with Aug 11 the busiest time since Jun 5.”

That calculation describes marketplace show alternatively than web health, and the simultaneous summation successful code enactment offers nary nonstop grounds that heavier ledger usage volition reverse the terms trend.

Santiment XRP Activity Stepped up. Source: Santiment’s X post.

The divided indicates that enactment accrued connected the XRP Ledger without a comparable emergence successful recently created addresses. That signifier supports a narrower decision than wide adoption claims: ledger engagement strengthened during August, portion the disposable measurement showed virtually nary enlargement successful new-address formation.

Address Data Shows Use Without Account Growth

Daily progressive addresses averaged astir 35,700 from Aug. 1 done Aug. 12, compared with astir 26,400 passim July, an summation of astir 35%. Santiment defines regular progressive addresses arsenic unique addresses participating successful transactions during a day, making the measurement an indicator of web usage alternatively than a nonstop number of people.

New addresses averaged astir 2,260 per time successful August, astir matching July’s 2,270, adjacent arsenic Aug. 11 produced the busiest active-address speechmaking since June 5. The spread underscores a regulation of nationalist blockchain data: code enactment does not construe straight into unsocial users.

Large-holder information presents different signifier of enactment during the downturn, though it measures balances alternatively than caller information oregon transaction frequency. An Aug. 12 investigation recovered that XRP wallets holding astatine slightest 1 cardinal tokens increased by 32 implicit 3 months arsenic the token’s marketplace capitalization declined 29% during the aforesaid period.

Institutional Access Grows While Adoption Evidence Stays Mixed

Corporate usage cases besides stay chiseled from Santiment’s August code figures and cannot explicate the short-term summation without transaction-level attribution. Anodos Finance co-founder and CEO Panos Mekras described XRP arsenic a treasury and outgo asset, stating that his institution has bought, held, and utilized XRP for worker payments since 2023.

Ripple CEO Brad Garlinghouse has separately outlined an organization accidental crossed businesses that grip astir $16 trillion successful yearly payments and clearing activity. Garlinghouse said integer assets represented adjacent to zero percent of those flows, framing the fig arsenic imaginable marketplace scope alternatively than completed XRP transaction volume.

Regulated derivatives person broadened nonrecreational entree to XRP adjacent arsenic the token’s spot terms has remained nether pressure. CME Group’s continuous crypto trading schedule launched with Ripple Prime arsenic a clearing and financing partner, portion XRP futures antecedently crossed $1 cardinal successful unfastened involvement wrong 3 months.

The institutional, treasury, and large-wallet developments amusement respective channels of XRP engagement, yet nary converts August’s active-address summation into a verified number of caller users. Santiment’s new-address mean supplies the clearest boundary: astir 2,260 addresses appeared regular done Aug. 12, astir 10 less than July’s corresponding average. As of writing, XRP is trading astatine $1.008.