XRP Ledger hits 2026 low; traders eye $1.50 reclaim
XRP Ledger activity has fallen to one of its weakest levels of 2026. Santiment data shows 25,350 active wallets (second-lowest daily count of the year) and 2,130 new wallets (lowest since Nov 2024). After late-June dip-buying cooled, XRP Ledger usage slipped into a quieter phase as traders wait for a stronger catalyst instead of another short-range bounce.
Price action remains tied to a key psychological level: XRP trades near $1.11 and is still below the $1.50 area that bulls have repeatedly used as a “clean recovery” line. Despite whale wallets building large holdings earlier, weak active-address growth suggests network demand is not yet matching the liquidity.
On-chain narratives that could revive XRP Ledger activity include RLUSD adoption, institutional payment flows, tokenized assets, the EVM sidechain angle, and proposed lending tools. The article also highlights XRPL’s 90-day RWA inflows totaling $1.9B, with Ripple-linked efforts involving Ondo and JPMorgan, plus Flutterwave-related RLUSD settlement tests.
Neutral
The news is mostly a usage/data story rather than an immediate protocol or regulatory change. XRP Ledger’s active wallets and new wallet creation hitting multi-month lows points to weakening spot demand and can pressure short-term momentum, especially when XRP is still under the widely watched $1.50 reclaim level.
However, the article also highlights offsetting positives: whale accumulation, large-cap liquidity, and ongoing institutional RWA traction (90-day RWA inflows of $1.9B) plus specific payment/stablecoin narratives (RLUSD). This mix often produces a “range + catalyst-waiting” market: activity stays subdued until a new payment/asset/tokenized flow re-accelerates on-chain.
In similar past cycles, sustained declines in active addresses have frequently preceded either (1) a consolidation before a breakout when a new narrative gains traction, or (2) continued underperformance if catalysts fail to materialize. Here, the near-term trade is likely to remain level-bound below $1.50, while the longer-term bias depends on whether RLUSD/RWA/payment flows translate into renewed wallet growth on XRP Ledger.