XRP Sinks to Near $1 as Active Addresses Surge

XRP's price declined to near $1 on August 12, marking its lowest value since November 2024 as selling pressure intensified despite increased network activity.

According to Santiment data, XRP's active addresses rose by approximately 33% month over month, indicating that more wallets were interacting with the network even as the token's market value weakened.

New-wallet creation remained largely flat during the same period, suggesting that the recent increase in activity is primarily driven by existing XRP users rather than new investors entering the ecosystem.

The combination of falling prices and rising active addresses creates a complicated market picture, with increased activity not necessarily guaranteeing a recovery in price.