XRP Ledger activity falls to yearly lows as traders await catalysts from RLUSD, tokenization, and growing network demand.
XRP Ledger activity has dropped near yearly lows while XRP remains below the $1.10 level. Recent data shows weaker wallet use and slower growth across the network.
According to Santiment, active wallets fell to 25,350 during the latest measured day. That total was the second-lowest daily reading recorded during 2026.
New wallet creation also declined to 2,130, the lowest level since November 2024. The drop followed a short rise in activity during late June.
That earlier increase came as some traders bought XRP after a price decline. However, the latest figures show that network demand did not continue.
XRP Ledger Sees Lower Wallet Use
Active addresses count wallets that send or receive assets during a set period. Therefore, lower readings can suggest weaker daily participation across the XRP Ledger. However, one address can represent several users or business accounts.
✍️ TL;DR: XRP Ledger activity hits rare lows as traders wait for catalyst
📊 Metrics Used: Active Addresses, Network Growth
🔗 Live Chart: https://t.co/PU1PeLUccm📊 XRP Ledger activity has gone unusually quiet while price keeps ranging just below $1.10. The network just saw… pic.twitter.com/AOeavbtxEU
— Santiment Intelligence (@SantimentData) July 11, 2026
Network growth measures the number of new addresses created on the blockchain. The latest decline suggests fewer new users entered the XRP market. Still, some investors may hold XRP without making regular transfers.
Late June brought a short rise in activity after XRP faced selling pressure. Buyers appeared to enter the market near lower price levels. Yet the token remained inside a narrow range below nearby resistance.
RLUSD and Tokenization Could Support Activity
RLUSD could provide one source of future growth for the XRP Ledger. Wider stablecoin use may increase transfers across exchanges and payment platforms. More support from service providers could also attract new users.
Tokenized assets may offer another path toward higher network use. These products can include bonds, funds, commodities, and other blockchain-based assets. However, wider adoption will depend on demand, liquidity, and clear market rules.
The EVM sidechain could also attract developers already familiar with Ethereum tools. In addition, planned lending services may create more uses for XRP holders. Still, these products need steady demand before they can raise daily activity.
Read also: XRP Short Squeeze Risk Grows as $3.9M Liquidation Leverage Stacks Above $1.15
Analyst Sees XRP Bottom Already Formed
Crypto analyst EGRAG CRYPTO said XRP may have already formed its macro bottom based on the two-week chart structure.
He pointed to the rare compression of the 50 EMA, 100 EMA, and 144 WMA, noting that similar setups appeared after major market bottoms in previous cycles. According to the analyst, the pattern could signal that XRP is entering the final stage of consolidation before a larger move.
EGRAG’s primary scenario calls for XRP to rebound toward the 50 EMA near $1.60 before facing a rejection.
He expects that move to be followed by a retest of the 0.618 to 0.50 Fibonacci zone, which he described as the key accumulation area. If that sequence plays out, he believes it would complete a double-bottom structure and prepare the market for the next bullish phase.
#XRP – 2-Week Time Frame: Has the Bottom Already Been Printed?
One observation caught my attention…
👉For the first time, the 50 EMA, 100 EMA, and 144 WMA are compressing together during a major consolidation.👉Historically, this type of compression has occurred after the… pic.twitter.com/o7lqaKJYSE
— EGRAG CRYPTO (@egragcrypto) July 11, 2026
The analyst outlined several upside targets if XRP follows historical expansion patterns. He projected a conservative range of $5 to $6.50 based on the previous cycle, while Fibonacci extension levels point to potential targets near $9, $15, and $31.
However, he stressed that no outcome is guaranteed and said the current moving average compression only suggests that a significant price move could be approaching.
Rising wallet numbers could show that users are returning to the XRP Ledger. For now, the data points to weak participation rather than a confirmed recovery.
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