XRP’s blockchain is showing signs of slowing momentum, with a notable drop in user engagement. Active addresses have plunged from over 44,000 to just under 25,000 in the span of a week, highlighting a rapid cooldown after a short-lived spike in network activity.
This network pullback has come alongside a price dip, with XRP falling from $3.55 to $3.16—an 11% slide that has dragged sentiment down.
Traders are now eyeing the $3 support zone as capital appears to rotate back toward Bitcoin, stalling interest in altcoins.
Part of the unease stems from major token movements linked to Ripple co-founder Chris Larsen. Since July 17, over $140 million worth of XRP has been transferred to exchanges, fueling speculation about potential sell-offs.
In total, around 50 million tokens have moved, and some have landed in dormant wallets—raising more questions than answers.
While some argue these actions are routine, analysts caution that Larsen’s remaining holdings—estimated at 2.5 billion XRP—could still impact the market if more large transfers occur.
For XRP to regain momentum, a broader altcoin revival or regulatory catalyst may be needed. Hopes remain tied to the possible approval of a spot ETF or a resolution in Ripple’s ongoing legal battle with the SEC.
Until then, price recovery may depend more on Bitcoin’s lead than XRP’s internal fundamentals.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/market/xrp-network-activity-plummets-as-whale-transfers-stir-market-anxiety/