Ripple’s XRP price is down to $1.00. That is its lowest daily close since November 2024.
But something odd is happening on the XRP Ledger. Activity is picking up. Daily active addresses climbed in August. More people are using the network.
On the surface, that looks like a good sign. Look closer, though. The new user numbers are flat. Existing wallets are just doing more. That is not the same as fresh demand.
And the price tells a brutal story. From its January peak of $3.30, the XRP price is down 69%. Trading volume dropped another 11%.
More activity from the same people is nice. But it is not enough. To turn this around, XRP needs new money, new people, new wallets. Not just the old ones moving coins around faster.
What you'll learn 👉
XRP Network Activity Is Rising, But New Users Are Not
The XRP Ledger data tells a strange story. Active addresses jumped from 26,400 a day in July to 35,700 in August. That is 9,300 more wallets doing something on the network every single day.
August 11 was the busiest day for active addresses since June 5. No question about it, usage is up. But here is the hole in the picture. New addresses are flat. August averaged 2,260 new addresses per day. July was 2,270. Almost identical.
$XRP just closed at its lowest since November 2024, and the on-chain read is more interesting than the price.
— Santiment Intelligence (@SantimentData) August 13, 2026
📉 Price closed at ~$1.00 on Aug 12, the lowest daily close since Nov 2024 and roughly 69% below the January 2025 peak near $3.30.
📊 Activity picked up anyway. Active… pic.twitter.com/3JcxJjWNFd
So you have more people using Ripple’s XRP, but the same people. The network is not bringing in fresh faces. Existing users are just doing more. That is not the same as growth.
This means the increase in activity is coming mainly from existing XRP users conducting more transactions. The network is busier, but its user base is not expanding at the same rate.
The XRP Price Is Falling Despite Higher Activity
The XRP price closed around $1.00 on August 12, marking its lowest daily close since XRP closed at $1.00 on August 12. That is its lowest daily close since November 2024.
Back in January 2025, it hit $3.30. So from that peak, XRP has dropped nearly 70%.
Trading volume is falling too. Daily volume is down about 11%. Fewer people are buying and selling. Less action. Less interest. That combination makes the rise in active addresses even more interesting. More existing wallets are interacting with the network, yet the market is not rewarding XRP with stronger price action.
Related XRP News: XRP Price Warning: ETF Demand Is Disappearing and $1 Support May Not Survive Another Test
The data points to a gap between network usage and investor demand. Higher activity can be positive for the XRP Ledger, but it does not automatically create buying pressure for XRP. Without a growing user base, increased transactions may have a limited effect on the token’s demand.
However, the XRP network is getting busier, but the data shows why traders should be careful about treating that as a bullish signal. Active addresses are up roughly 35%, yet new addresses remain flat at around 2,260 per day.
Also, the XRP price is near $1.00 and trading volume is down 11%. Until the network starts attracting more new users, higher activity from existing holders may not be enough to create sustained demand for XRP.
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