- XRP Ledger activity hit yearly lows as active wallets and new users continued to decline.
- EGRAG Crypto called $0.85–$1.10 an XRP accumulation zone despite weaker network activity.
- XRP ETFs saw their biggest outflow since March on June 8 as bearish derivatives sentiment persisted.
A slowdown in activity on the XRP Ledger suggests many traders are staying on the sidelines as they wait for the next market-moving event. According to Santiment, daily active wallets fell to 25,350, the second-lowest level recorded this year, while new wallet creation dropped to 2,130, its lowest point since November 2024.
In a post on X, Santiment said, “XRP Ledger activity has gone unusually quiet while price keeps ranging just below $1.10.” The analytics firm said the data suggests many traders are holding back instead of chasing another short-term price move. It added that wider use of RLUSD, growth in tokenized assets, institutional payment activity, and lending services could help bring more users back to the network.
Analysts See Key Levels Ahead
Market analyst EGRAG Crypto said he believes XRP remains in a longer-term bullish trend despite the slowdown in network activity. He described the $0.85 to $1.10 range as an accumulation zone.
In a post on X, EGRAG Crypto wrote, “$0.85–$1.10 = accumulation zone” and “$1.65 = first macro reclaim.” He also identified the $3.00 to $3.50 range as the next major resistance area. While he discussed a possible long-term move to $15, he described it as a personal outlook rather than a price prediction.
ETF Outflows Add Pressure
Sentiment in the XRP derivatives market remains cautious. Market analyst Darkfost said Binance funding rates have turned deeply negative following XRP’s roughly 70% decline from its July 2025 high, a sign that many traders remain bearish in the short term.
Institutional demand has also weakened. U.S. spot XRP ETFs recorded net outflows of $7.29 million on July 8, marking their largest single-day withdrawal since March. The outflows also ended a nine-week streak of positive inflows.
Related: David Schwartz Defends Ripple’s XRP Strategy as Token-Equity Debate Returns
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