XRP Price Plunges 69% as Daily Active Addresses Rise

XRP's price has plummeted to its lowest level since November 2024, closing at around $1 on August 13. This represents a staggering 69% decline from its peak in January 2025, when it reached nearly $3.30.

Despite the steep drop in value, daily active addresses on the XRP Ledger rose by about one-third in August, while new-address creation remained largely unchanged from July. However, this increase in activity does not necessarily translate to growth in individual users.

Santiment's analysis of XRP's ledger activity shows that while active addresses rose sharply in August, new-address creation remained flat. This means that the increased use of the XRP Ledger may be driven by existing users rather than new ones.