XRP Ledger Activity Hits Record Low Amidst Trader Caution

XRP Ledger activity has hit its lowest point for the year, according to data from Santiment. Daily active wallets fell to 25,350, their second-lowest level this year, while new wallet creation dropped to 2,130, a low not seen since November 2024.

This slowdown in activity suggests many traders are waiting on the sidelines for the next market-moving event, analysts say. EGRAG Crypto describes the $0.85, $1.10 range as an accumulation zone, despite weaker network activity.

XRP ETFs saw their largest outflow since March on June 8, with U.S. spot XRP ETFs recording net outflows of $7.29 million that day. This comes amidst bearish sentiment in the derivatives market, with Binance funding rates turning deeply negative following XRP's roughly 70% decline from its July 2025 high.