XRP Network Activity Don Drop 75% Despite ETF Hype As Whales Dey Accumulate, Retail Engagement Dey Weak
XRP don experience big drop for on-chain network activities since end of 2024, as payment transactions and daily active addresses sharply drop. By June 2025, daily active addresses don reduce by 75% from over 110,000 in January to below 30,000, marking the lowest engagement since October previous year. This decline show say retail and mid-size XRP holders no dey participate well again, even as whale addresses wey hold between 10 million and 100 million XRP increase their share from 10.4% to 12.2% since December. Despite weak network fundamentals, XRP price still dey above $2, mainly thanks to strong optimism around U.S. spot ETF—Polymarket now rate approval chance at 93%, after ETF filings from Bitwise, Grayscale, and 21Shares, plus CME launch of XRP futures. But exchange flows for places like Binance don slow down, and the network main payment use dey lose adoption. Technical indicators dey show neutral to weak momentum: XRP dey trade under key EMAs near $2.14 and RSI dey near oversold levels. While ETF hope dey keep price up now, any bad developments fit quickly show the real weakness and cause strong selling. Crypto traders suppose watch ETF progress, whale accumulation patterns, and network activity changes well well, as these go shape short-term price action and long-term support.
Neutral
Despite how XRP price dey strong and positive feeling wey come from hope say U.S. spot ETF fit get okay, the sharp and steady drop inside network work and small traders involvement—plus only big whales dey buy—show say there dey some weak side. Exchange flow dem and on-chain signs still show say demand don reduce. ETF talk na im dey hold price now, but if dem vex or reject am, price fit run quick quick and risk fit go high. For now, everything balance: good ETF hope dey cover bad things for network, so price go depend if speculation go last or go finish.