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Cryptocurrencies: 9505 / Markets: 114717
Market Cap: $ 3 663 340 658 986 / 24h Vol: $ 222 537 540 211 / BTC Dominance: 58.861607907734%

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XRP market watch – Can network activity help altcoin after 9% drop?

XRP has been at the end of significant price movements over the last few days, hitting one of its highest levels in months. This uptrend positively influenced network activity, with the same reflecting in an increase in both daily new addresses and active addresses.

A recent analysis of Ripple’s network growth from Santiment revealed a significant hike in network engagement. Typically, the average number of new XRP addresses created daily ranges between 800 and 1,000. However, a noticeable uptick began around 14 July. In fact, by 17 July, the number of new addresses had surged to over 1,700.

This level of growth in daily new addresses was the most significant hike XRP has seen since March. Such a spike often reflects heightened interest and optimism in the asset, potentially driven by favorable market conditions.

Ripple network growth

Source: Santiment

However, at the time of writing, network growth had fallen massively to around 343. This suggested that the number of daily new addresses declined for the same reasons that made it spike initially.

The aforementioned analysis also revealed that more addresses became active as the number of new addresses spiked.

On 17 July, the number of daily active addresses on Ripple‘s network surged to over 47,300, coinciding with a spike in new address creations that hit a high not seen since March. This simultaneous increase in both new and active addresses can be interpreted as a sign of heightened overall engagement on the network.

Ripple daily active addresses

Source: Santiment

Although there was a slight decline in active addresses to over 37,000 on 18 July, these numbers still represent a relatively high level of network activity. Notably, this period marked the first instance of the network maintaining consecutive daily active address counts over 30,000.

Additionally, an analysis of its 30-day active addresses metric also underlined a notable hike. Starting around 14 July, there was a distinct upward trend. On that day, the number of active addresses was approximately 208,000. Since then, however, this number has climbed to over 232,000.

A look at the altcoin’s charts revealed a series of fluctuations in its market behavior. After a notable rise culminated in gains of over 8% on 17 July, a hike that pushed its price to around $0.60, the altcoin recorded consecutive red candles on the charts.

In fact, AMBCrypto found that XRP noted a significant drop of over 9% in the last trading session, bringing its price down to approximately $0.56.

Since then, the price has declined by another 4%, with the crypto valued at around $0.54 at press time.

XRP price trend

Source: TradingView

– Realistic or not, here’s XRP market cap in BTC’s terms

Here, it’s worth pointing out that despite XRP losing so much of its value on the charts, it’s not all bad news. Its price is still trading above its long-term moving average (blue line) – A key support level.

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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