XRP’s Recent On-Chain Metrics
XRP has seen a notable drop in new wallet creations over the last five months, which may impact its price prospects. This decline in network activity has sparked differing views among analysts. One expert is skeptical about XRP returning to the $3 mark, while another dismisses such pessimism.
XRP’s price has hovered around $3 recently. In a recent post on X (previously known as Twitter), crypto analyst Coin Bureau highlighted that since January 2025, new on-chain data indicates an alarming 80% fall in wallet creation.
Last year, during a significant meeting for XRP, both its price and user base increased simultaneously. In November, new wallet addresses surged to nearly 30,000 daily, pushing token prices close to $3. However, as the initial excitement waned, the prices fell, and the prior rally proved fleeting.
As of mid-June 2025, charts from GlassNode reveal that new wallet creations have plummeted from about 2,000 to 5,000 daily, while active addresses dropped drastically from 577,000 to just 34,000. Meanwhile, XRP’s price lingered just above $2, remaining mostly stagnant without clear signs of an impending breakout.
According to Coin Bureau, this significant decline in on-chain activity suggests that interest in XRP may have diminished, removing a critical factor that previously drove its rallies. Analysts caution that without new entrants or increased activity from existing users, the conditions aren’t favorable for XRP to reach $3 anytime soon.
Contrasting Analyst Views
While Coin Bureau highlights a slowdown in interest, another crypto analyst known as Moon Lambo argues against this gloomy narrative. He believes that XRP’s current network activity reflects strength and enhanced long-term confidence.
Moon Lambo points out that data shows spikes in network activity between November and early January. As the initial excitement wore off, investor sentiment cooled, resulting in a natural return to lower levels of new account creations.
He contends that the observed decline is not indicative of weaknesses within the XRP ecosystem, as suggested by Coin Bureau. Instead, analysts posit that the dip is a healthy correction following the unusual spikes that occurred, facilitated by external market factors. This downturn shouldn’t be viewed as a sign of instability within XRP.
To bolster his optimistic outlook, Moon Lambo notes that Google Trends show a substantial drop in interest in Bitcoin, indicating that the reduced on-chain activity isn’t unique to XRP but reflects a wider market cooling.
In contrast to the claims made by Coin Bureau, Moon Lambo asserts that XRP continues to hold relevance and garners stable new engagement, even in these quieter market periods.
