XRP Price Plummets 69% Despite Rise in Active Wallet Addresses

XRP's price has taken a significant hit in recent months. In January 2025, XRP reached its peak near $3.30. However, by August 13th, the price had dropped to around $1, marking a 69% decline from its peak. Despite this drop, active wallet addresses for XRP increased by about 35% in August compared to July.

However, new wallet addresses remained steady, indicating that the rise in activity does not necessarily reflect new user growth. Institutional interest and corporate use of XRP continue to grow, but this has not reversed the price decline.

The increase in ledger activity shows stronger engagement from existing users, but it does not guarantee a price recovery or broader adoption. This situation highlights the complexities of measuring user growth and its impact on asset prices.