XRP Daily New Addresses Plunge 80% In 2025 — Bearish On-Chain Metrics Raise Alarm
22 Juin 2025 - 1:00AM
NEWSBTC
Crypto education and media platform Coin Bureau has shared some
puzzling developments on the XRP market that may hint at a
prolonged bearish future. Notably, the altcoin has been a major
headliner amidst a general crypto market correction in the past one
month. During this period, XRP prices have dipped by over 10% with
current market prices around $2.13. While crypto enthusiasts remain
hopeful of market resurgence, Coin Bureau’s recent revelations
shows that on-chain data suggests otherwise. Related Reading:
Consolidation Takes Its Toll: Bitcoin Investors No Longer Greedy
XRP $3 Target Impossible Amid Declining Network Activity – Analyst
According to an X post by Coin Bureau on June 20, XRP is facing an
uphill task in regaining its bullish form due to network engagement
crises. Notably, data from Glassnode shows that new wallets on the
XRP Ledger have crashed from above 30,000 new addresses daily in
January to presently below 5,000 new addresses daily.
Interestingly, the chart by Glassnode presents a strong correlation
between price action and network growth. The surge in wallet
creation during late Q4 2024 was accompanied by a parabolic move in
price that brought XRP to trade as high as $2.71. However, as the
rate of new users entering the network began to decline, XRP’s
price action also entered a consolidation and gradual downward
trend. Amidst other developments, Coin Bureau also
highlights XRP’s daily active addresses has experienced a
staggering drop from 557,000 to 34,000 to further suggest a lack of
retail investor interest in the XRP ecosystem. According to the
market analyst, the glaring fall in network engagement indicates
XRP may lack sufficient market demand to support a bullish climb
towards the $3 price region which is a crucial resistance zone.
However, other analysts have presented an alternative theory. In
particular, a market expert with X pseudonym MoonLambo explains the
previous highs in network activity seen in Q4 2024 and January
coincided with a period of widespread market greed following the US
general elections. The analyst claims the decline is normal
alongside social trends rather and is overemphasized by Coin
Bureau. Related Reading: Dogecoin Breaks Free—Could Soar 60%,
Analyst Says XRP Price Outlook At the time of writing, XRP
continues to trade at $2.13 reflecting a 1.33% decline in the past
day. Meanwhile, the asset’s daily trading volume is up by 22.29%
and valued at $2.25 billion. According to data from prediction site
CoinCodex, XRP Investors still remain largely bearish but the Fear
& Greed Index stands neutral at 54. CoinCodex analysts are
predicting XRP to remain in consolidation for the short term with
predictions of $2.12 in one month. However, they forecast a
steady long-term bullish revival with projections of $2.45 in three
months and $3.03 in six months. Featured image from Pexels, chart
from Tradingview
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