XRP Network Activity Crashes 85%, Has the Speculative Rally Finally Ended?
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XRP network growth collapsed ~85%: new addresses fell from ~18,000/day in Dec 2024 to ~2,700/day, signaling a sharp drop in crypto adoption and speculative activity. Glassnode on‑chain metrics show active XRP supply used daily plunged from ~7.45 billion to ~2 billion, indicating materially lower token circulation and engagement. Analyst note: a technical breakout above $1.45 could target $1.80, but current on‑chain weakness implies muted near‑term token performance and market impact.
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- XRP’s new addresses crashed 85%, falling from 18,000 daily to just 2,700
- Glassnode data shows the active XRP supply dropped from 7.45 billion to 2 billion daily
- Ali Martinez says XRP breakout above $1.45 could trigger rally toward $1.80
Data from blockchain analytics platform Glassnode shows new addresses on the XRP network collapsed from 18,000 per day in December 2024 to just 2,700 today, marking an 85% decline in network growth.
The speculative rally that pushed XRP sharply higher in late 2024 has now faded at the network level.
So what does this mean for XRP’s next move?
XRP New Addresses Collapse 85%
According to the data, new addresses created on the XRP network have dropped from nearly 18,000 per day in December 2024 to just over 2,700 today, representing an almost 85% decline.
The chart shows that XRP network activity peaked near the end of 2…
Read The Full Article XRP Network Activity Crashes 85%, Has the Speculative Rally Finally Ended? On Coin Edition.
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