XRP News Today: XRP's New Wallet Creation Drops 80% in Five Months

XRP’s on-chain metrics have shown a significant decline, with new wallet creation dropping by 80% over the past five months. This decrease in network activity has led to differing opinions among experts regarding the future price outlook of XRP. One analyst, known as the ‘Coin Bureau,’ has expressed skepticism about XRP’s ability to reclaim the $3 mark, citing the sharp decline in wallet creation and daily active addresses as evidence of waning interest.

According to data from Glassnode, new wallet addresses for XRP peaked at nearly 30,000 per day in November 2024, coinciding with a price surge close to $3. However, this momentum was short-lived, and by mid-June 2025, new wallet creation had plummeted to around 2,000-5,000 per day, while daily active addresses dropped from 577,000 to just 34,000. The price of XRP has since settled just above $2, showing no signs of a sustained breakout.

The ‘Coin Bureau’ analyst argues that this significant drop in on-chain engagement indicates that interest in XRP may have dried up, removing one of the key drivers behind its previous rally. Without new users entering the ecosystem or existing ones increasing XRP’s on-chain activity, the conditions necessary for an immediate $3 price reclaim aren’t present.

On the other hand, another crypto expert, known as Moon Lambo, has pushed back against the bearish narrative. He argues that XRP’s network activity actually reflects growing strength and long-term confidence. Moon Lambo points out that the spike in network activity between November 2024 and early January 2025 was driven by heightened market enthusiasm following the US elections. As the post-election euphoria faded, XRP’s on-chain metrics naturally returned to lower levels, which he considers a healthy correction rather than a sign of weakness.

Moon Lambo further supports his bullish thesis by noting that Google Trends data shows a significant decline in search interest for Bitcoin, indicating that the lull in on-chain activity is not exclusive to XRP but reflective of a broader market cool-off. He suggests that XRP is maintaining relevance and attracting steady new engagement even during quieter market conditions.

In summary, while the decline in XRP’s on-chain activity has raised concerns about its price outlook, experts hold differing views on the implications. The ‘Coin Bureau’ analyst sees the drop as a sign of waning interest, while Moon Lambo views it as a healthy correction and a reflection of broader market trends. The future price movement of XRP will depend on various factors, including network activity, market sentiment, and overall crypto market conditions.