XRP Ledger Activity Hits Rare Low as Traders Eye $1.50 Reclaim

XRP Ledger activity has plummeted to one of its weakest readings this year, with only 25,350 active wallets on the network. This is the second-lowest daily count in 2026, following a previous low in May when 4,300 new addresses were created in just 24 hours.

New wallet creation also hit a five-month low of 2,130, its lowest level since November 2024. The decline comes after a brief period of dip-buying activity in late June and has left traders waiting for a stronger catalyst to propel XRP forward.

The token's price remains stuck below the $1.50 area, which has repeatedly served as a key recovery level for bulls. With about $1 billion in 24-hour volume and a market cap near $69.1 billion, XRP still ranks sixth among crypto assets by market value but has yet to break out of this stagnant phase.

One potential driver of increased activity is the adoption of RLUSD, which saw $1.9 billion in RWA inflows over 90 days. Ripple's partnerships with Ondo and JPMorgan have also linked XRP Ledger activity to tokenized Treasury redemption and bank-payment rails.