Key Highlights
- XRP has reached its lowest daily level since November 2024 and is now 71.7% below its $3.66 all-time high.
- XRP active addresses rose from about 26,400 in July to 35,700 in August, showing higher network activity.
- New addresses stayed almost unchanged at about 2,260 per day in August, meaning existing users are driving the increase in activity.
XRP has fallen to its lowest level since 2024, with the token now trading far below its previous record high, but activity on its network is moving in the opposite direction.
At the time of this writing, the token was trading around $1, down 0.74% over the last 24 hours. This decline came as its trading volume actively dropped 35.3% over the same period to about $940.12 million, according to data from CoinMarketCap.
Meanwhile, according to analytics platform Santiment, active addresses on the XRP network have jumped 35%. This suggests that network activity is increasing even as the price continues to fall.
XRP network activity is picking up
Santiment reported that the network recorded an average of about 35,700 active addresses each day in August. That compares with roughly 26,400 per day throughout July, putting the increase at about 35%.
August 11 was another busy day for the network. It recorded the highest number of active XRP addresses since June 5, which shows that activity had picked up even as the token was trading around its lowest level in more than a year.
There is, however, another part of the data that makes the picture clearer. The increase in active addresses does not mean XRP is suddenly bringing in a large number of new users. Santiment recorded about 2,260 new addresses per day in August, almost the same as the 2,270 recorded in July.
In short, existing XRP users appear to be doing more, while the number of new addresses joining the network has barely changed. Santiment summed it up by saying, “Activity is up. The user base is not.”
That difference is important because active addresses and new addresses show two different things. Active addresses show how many addresses are taking part in network activity, while new addresses show whether the network is gaining fresh participants.
XRP remains far below its record
XRP has also remained well below its previous record. Analyst Ali Martinez said the token is 71.7% below its all-time high of $3.66, which was reached in July 2025. That means XRP has lost more than seven-tenths of its value from that peak as it trades around $1.
Martinez also said XRP is trading at deeply oversold levels, while a new buy signal is beginning to appear. The analyst pointed to the sharp correction as a reason the current setup is becoming more interesting, although the signal does not mean a recovery is guaranteed.
Meanwhile, Martinez had previously pointed to the DeMark Sequential, a technical indicator used to identify possible points where a price trend may be running out of strength. The indicator has flashed a signal suggesting that XRP’s long decline could be approaching an area where the downward move may pause or reverse.
Analysts watch for lower price levels
The price pressure has also brought lower levels into focus among some analysts. XRP technical analyst Casi said she moved her buy target to $0.94 and kept $0.87 as her main downside target. She said the aim was to have her full order filled rather than wait for an exact market bottom.
“Do I still think $0.87 prints on the chart? YES. That’s still my target, and obviously I’d love to buy $XRP there. But I’m not trying to be cute and perfectly catch the wick after waiting MONTHS (years?) for this opportunity,” she said.
Another analyst, ChartNerd, identified a long-term support area between $0.70 and $0.90. The analyst also pointed to previous XRP corrections that were followed by rebounds of 10X, 2.3X, and 6.9X and suggested that another major rally could eventually take the token toward $11.
For now, XRP is showing two very different sides. Its price has returned to a level last seen in November 2024, while existing network users have become more active. At the same time, new-address numbers remain almost unchanged, leaving the network with higher activity but little growth in its new-user base.
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