XRP Ledger Activity Hits Near-Yearly Lows as Traders Await Catalysts

XRP Ledger activity has dropped to near-yearly lows as traders await catalysts from RLUSD, tokenization, and growing network demand.

The number of active XRP wallets fell to 25,350 during the latest measured day, which is the second-lowest daily reading recorded in 2026. New wallet creation also declined to 2,130, the lowest level since November 2024.

This drop follows a short rise in activity during late June when some traders bought XRP after a price decline, but network demand did not continue.

The RLUSD stablecoin and tokenization could provide one source of future growth for the XRP Ledger. Wider stablecoin use may increase transfers across exchanges and payment platforms, while more support from service providers could attract new users.

Crypto analyst EGRAG CRYPTO believes that XRP may have already formed its macro bottom based on the two-week chart structure. He pointed to the rare compression of the 50 EMA, 100 EMA, and 144 WMA, noting that similar setups appeared after major market bottoms in previous cycles.

EGRAG's primary scenario calls for XRP to rebound toward the 50 EMA near $1.60 before facing a rejection. He expects this move to be followed by a retest of the 0.618 to 0.50 Fibonacci zone, which he described as the key accumulation area.