XRP Active Addresses Hit Second Low in 2026... New Wallet Creation at Lowest Since November 2024

XRP Ledger's on-chain activity has significantly declined, with daily active addresses dropping to 25,350, the second-lowest level since 2026, and new wallet creation hitting 2,130, the lowest since November 2024. Despite XRP's price staying above $1, network participation metrics continued to weaken, with active addresses gradually declining from mid-June levels and further dropping to 22,888. A brief rebound occurred on May 15 amid low-price buying, but the recovery was short-lived, with XRP retreating to the $1.05-$1.15 range and active addresses resuming their decline. The rebound appeared more driven by short-term buying from existing holders rather than new demand, as new address growth failed to mirror price recovery or increased wallet activity. While XRP currently trades near $1.0962 with relative stability, on-chain activity has further weakened, with active addresses and new wallet creation reaching multi-month or annual lows without a significant price drop below $1.