XRP Plunges to 16-Month Low Amid Rising Network Activity
XRP has hit its lowest daily close since November 2024, marking a significant drop in price. The token closed near $1.00 on August 12, about 69% below its January 2025 peak of $3.30.
Despite the price weakness, network activity for XRP has increased. Active addresses averaged around 35,700 per day in August, compared to roughly 26,400 in July.