On-chain metrics for the XRP Ledger (XRPL) have fallen to their weakest levels of 2026, with daily active wallets dropping to 25,350—the second-lowest reading this year—and new wallet creation plunging to 2,130, its lowest since November 2024. Santiment noted the decline, stating the network has gone “unusually quiet” while XRP’s price ranges just below $1.10.
The slowdown suggests traders are stepping back rather than chasing short-term moves. Despite a brief buying spurt during a late June dip, interest has cooled, leaving XRP in a tight consolidation range. As of writing, XRP trades at $1.10, down 0.57% in 24 hours, with no decisive breakout in either direction.
In parallel, XRP exchange-traded funds (ETFs) saw their largest single-day outflow since March on June 8, underscoring bearish derivatives sentiment. However, not all network signals are negative: source-tagged transactions on XRPL rose 28.6%, and source tags increased 13%, indicating that existing users and services remain active even as new participation stalls.
Market analyst EGRAG Crypto identified the $0.85–$1.10 zone as an accumulation area, pointing to a congestion of moving averages on the two-week chart. The analyst expects a move toward the 50-day EMA near $1.60 before a potential pullback into the 0.618–0.50 Fibonacci retracement zone, with longer-term targets of $5–$6.50 based on historical cycles. Still, EGRAG cautions that these outcomes are not guaranteed.
Santiment highlighted potential catalysts that could revive activity: growth in the RLUSD stablecoin, tokenized assets, broader institutional payment adoption, and possible lending products. For now, traders appear to be waiting for a clear market-moving event before re-engaging with XRP.
