XRP On-Chain Activity Plunges 80%, Sparking Bull-Bear Debate
XRP’s on-chain metrics have declined sharply, with new wallet creations down 80% since January 2025, falling from nearly 30,000 per day at the peak of its late-2024 rally to just 2,000–5,000 daily in mid-June 2025. Daily active addresses also dropped from 577,000 to 34,000. Crypto analyst Coin Bureau argues this slump in on-chain activity makes a swift return to the $3 price level unlikely, warning that waning user engagement removes a key rally driver. Conversely, analyst Moon Lambo views the reduction as a natural correction following an abnormally high post-election spike, maintaining that XRP’s fundamentals remain strong and that the broader market is experiencing a temporary lull.
Bearish
The sharp 80% drop in new wallet creation and the collapse of daily active addresses signal waning user interest and reduced network utility—historically bearish indicators for token prices. Similar on-chain slowdowns in past cycles have coincided with price stagnation or declines, as fresh demand is critical to sustain rallies. In the short term, XRP may remain range-bound around $2, struggling to regain momentum without renewed inflows. Over the long term, a return to growth would require a catalyst to rebuild on-chain engagement, such as positive regulatory developments or high-profile partnerships.