XRP Daily New Addresses Plunge 80% In 2025 — Bearish On-Chain Metrics Raise Alarm
Summary
XRP has experienced a decline of over 10% in the past month, currently trading at approximately $2.13. On-chain data indicates a significant drop in network activity, with new wallet creations falling from over 30,000 daily in January to below 5,000. This decline correlates with XRP's price trends, as previous increases in wallet creation led to price surges. Daily active addresses have also decreased from 557,000 to 34,000, suggesting reduced retail interest. Analysts express skepticism about XRP reaching the $3 target due to insufficient market demand. Despite bearish sentiment, CoinCodex predicts short-term consolidation around $2.12, with potential long-term increases to $2.45 in three months and $3.03 in six months.
