XRP Price Rebounds Amid Low On-Chain Activity and Institutional Demand

XRP has seen a recovery in price, mirroring the broader crypto market's rebound from last week's lows. However, this rise comes as on-chain activity and institutional demand for the token remain low.

The number of active addresses has dropped to around 14,400, down approximately 45% from its March high of 26,400. This decline in user engagement could limit XRP's potential recovery.