XRP Falls 69% From Peak as Active Wallets Rise

XRP closed near $1 on Aug. 13, marking its weakest daily close since November 2024 and about 69% below its January 2025 peak near $3.30, even as on-ledger activity increased in August.

Santiment reported that daily active addresses on the XRP Ledger averaged about 35,700 from Aug. 1 through Aug. 12, up from roughly 26,400 in July, an increase of nearly 35%. The analytics firm wrote: “Activity picked up anyway. Active addresses averaged ~35,700 a day in August against ~26,400 through July, up roughly a third, with Aug 11 the busiest day since Jun 5.”

New-address creation remained essentially unchanged. Santiment said new addresses averaged about 2,260 per day in August versus roughly 2,270 per day in July, indicating the additional transactions came from existing addresses rather than a surge of newly created accounts.

Price data provides further context. XRP traded near $1 on Aug. 13 and stood about 69% below its January 2025 peak near $3.30. The token briefly rallied in July 2025 to roughly $3.65, which pushed market capitalization above $200 billion during that period. As of the latest reporting, XRP was trading around $1.01.

On-chain balance trends showed an increase in large holders during the downturn. An analysis from Aug. 12 found wallets holding at least 1 million XRP rose by 32 over three months while the token’s market capitalization fell about 29% in the same period.

Corporate and institutional access to XRP has expanded. Panos Mekras, co-founder and CEO of Anodos Finance, described his company’s use of the token: “We have bought, held, and used XRP for employee payments since 2023.” Ripple CEO Brad Garlinghouse noted that digital assets account for “close to zero percent” of roughly $16 trillion in annual payments and clearing flows, a figure he cited when discussing potential institutional demand.

Regulated trading and clearing infrastructure has broadened professional access. CME Group launched a continuous crypto trading schedule with Ripple Prime as a clearing and financing partner, and XRP futures exceeded $1 billion in open interest within three months, providing regulated channels for trading and hedging.

Santiment emphasized that daily active addresses measure unique addresses participating in transactions each day, not unique individual users, and that heightened activity can come from a small number of wallets or automated processes. The firm pointed to the flat new-address average of about 2,260 per day through Aug. 12 as the clearest public metric for new account growth.