XRP's price may seem bleak at $1.05, down 6% on the week and stuck below resistance, but the network is experiencing a surge in activity.
The number of active addresses has jumped 72% in two weeks, indicating that more wallets are using the XRP Ledger to send and receive the cryptocurrency, despite the weak price.
This divergence between price and usage is significant, as it suggests that real network demand remains strong even during a slump. Additionally, open interest in XRP has fallen to its lowest level since July 2025, indicating that risky leverage has been washed out.
Ripple is also making progress with the development of new infrastructure, including a proposed XRP Ledger standard that would enable institutions to borrow against tokenized real-world assets. This proposal still needs validator approval but demonstrates Ripple's continued efforts to build practical applications for the XRP Ledger.