XRP Daily New Addresses Dive 80%, On-Chain Metrics Signal Bearish Future
XRP’s network activity has plunged sharply in 2025, with daily new addresses falling from over 30,000 in January to under 5,000, an 80% decline. Daily active addresses also collapsed from 557,000 to 34,000, according to Glassnode data highlighted by Coin Bureau. This steep drop in wallet creation and on-chain engagement correlates closely with XRP’s price slump from a Q4 2024 peak of $2.71 to around $2.13 today. Analysts warn that weakened network growth and reduced retail interest may hinder any sustained rally toward the critical $3 resistance level. While some experts attribute the decline to normal post-election sentiment cooling, CoinCodex forecasts short-term consolidation around $2.12, followed by a gradual rebound to $2.45 in three months and $3.03 in six months.
Bearish
The sharp 80% drop in daily new addresses and collapse in active wallets indicate weakening network growth and reduced user engagement, historical indicators that often precede extended price declines. Similar on-chain slowdowns during past market corrections (e.g., mid-2022 crypto downturn) corresponded with prolonged bearish trends. In the short term, diminished retail interest may pressure XRP’s price, stalling any rally. Long term, recovery depends on renewed wallet adoption and transaction volume; without such network revitalization, XRP could struggle to break the $3 resistance.