XRP network activity collapses 65%
After staging one of the strongest rallies of the current bull market, XRP is now showing signs of a slowdown, with on-chain data revealing a sharp 65% drop in daily active addresses. From a peak of 63,389 active addresses on January 16, 2025, XRP’s active addresses have fallen drastically to just 22,859 as of April 3, marking a substantial contraction in activity. This collapse in network engagement follows a period of intense speculative interest between November 7, 2024, and mid-January 2025, when XRP surged over 485%. XRP active addresses year-to-date. Source: CryptoQuant The bullish sentiment at the time was largely driven by investor hopes that a pro-crypto presidency could benefit Ripple and its ecosystem. During that window, daily active addresses spiked by over 432.6%. XRP’s retail-driven rally loses steam However, what followed was a classic example of short-term speculation outpacing sustainable demand. Realized capitalization jumped from $...