XRP’s network activity nosedives 45% in a week; Crash below $3 next?
XRP’s network activity has taken a major hit, with active addresses plunging alongside the asset’s inability to push further toward the $4 mark. Notably, the number of XRP’s active addresses peaked at 44,143 on July 21 on the weekly timeframe before dropping to just 24,644 by July 27, a 44.2% decline. The drop followed a brief surge from 30,190 on July 20, indicating that the increase in user activity was short-lived, according to the latest on-chain data retrieved by Finbold from CryptoQuant. At the same time, XRP’s price fell from $3.55 to $3.16, marking a 10.99% drop. XRP active addresses chart. Source: CryptoQuant The sharp decline in active addresses signals weakening demand and network usage, eroding XRP’s price support. With the asset breaking below $3.50, sentiment has cooled, and capital is shifting back to Bitcoin, stalling the broader altcoin rally. XRP whale activity spooks investors XRP’s recent loss of momentum has also been...