XRP Price Tumbles Amid Network Activity Decline

XRP's price has dropped to $1.09 over the past 24 hours, falling 1.39% in value. This underperformance comes as the broader crypto market saw a 0.58% decline in total market value, with Bitcoin dropping 0.62%. The token is facing added pressure from lower active addresses on its ledger, which dropped to 25,350 on July 11 - its second-lowest reading this year.

The decline in network activity has been ongoing since January, with active addresses measured over various timeframes also falling during the same period. Meanwhile, XRP Ledger products such as RLUSD stablecoin growth and tokenized assets may provide future sources of activity for the network.

U.S. spot XRP exchange-traded funds recorded $7.29 million in net outflows on July 8, ending a nine-week inflow streak and pushing total assets below $1 billion. This reduction in institutional buying has weakened demand for XRP. Derivatives traders have also reduced exposure, with XRP futures open interest on Binance falling to its lowest level in over three months.

Large wallets holding between 10 million and 100 million XRP have accumulated tokens throughout 2026, while smaller wallets have reduced their balances. Several market value to realized value measures remain below zero, indicating that many holders still own XRP at a loss. The XRP price remains inside a descending channel, with immediate support near $1.07 and the $1.00 psychological level.