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$XRP price has crashed nearly 50% since Q4 2025, yet over 500k new wallets pushed the ledger above 7.5m accounts, creating a sharp divergence between price and participation.
- $XRP price has plunged about 49% since Q4 2025, sliding from roughly $2.84–$3.10 to near $1.43–$1.44 amid a $1.43T crypto market cap wipeout.
- Despite the drawdown, $XRP Ledger addresses climbed from 7,050,000+ to 7,576,446, adding 526,446 new wallets with record daily spikes above 13,000.
- Bitcoin near $71,200, Ethereum around $2,100, and $XRP near $1.43 show price capitulation outpacing participation, hinting at a potential reflexive snapback after liquidations.
$XRP’s ($XRP) price has been gutted; its network has not. Despite a 49% drawdown since Q4 2025, more than 500,000 new $XRP wallets have appeared on-chain, pushing the ledger past 7.5 million accounts.
3 metrics showing $XRP is on the edge of an aggressive Bear Market
— Alphractal (@Alphractal) February 5, 2026
Yes, $XRP is sitting exactly at a critical on-chain transition point.
If price drops just a bit more, the data suggests conditions could deteriorate fast, opening the door to a longer Bear Market and a potential… pic.twitter.com/wK3LmCrean
The crypto market backdrop is brutal. The global market cap has shed $1.43 trillion since October 2025, with $XRP mirroring Ethereum’s 49% slide, lagging Bitcoin’s 38% retreat but faring better than Solana’s 56% slump. $XRP entered Q4 2025 near $2.84, briefly tagged $3.1, then “collapsed 11.89% in October 2025,” a move triggered by the “10/10 market crash” that wiped $1.27 from the token in a single shock event. It now trades around $1.44, marking four straight monthly red candles and flirting with a fifth, something not seen since 2016.
$XRP price stuttering along with broader crypto market
On-chain, however, the picture is less capitulatory. Data from the community‑run $XRP Rich List “confirms this trend, pointing to sustained adoption at a time when the price has struggled.” Since $XRP crossed 7 million wallets in September 2025, the ledger has added exactly 526,446 new addresses, lifting the count to 7,576,446—an increase of more than 500,000 wallets in under five months. Daily new accounts have generally ranged between 2,500 and 5,000, punctuated by spikes: 9,900 wallets on October 30, 11,242 on November 2, and a record 13,300 on November 11, “marking the largest daily increase in history.”
Even so, growth is cooling versus last cycle. From October 2024 to February 2025, $XRP wallets jumped from 5,330,427 to 6,105,025, an expansion of 774,598 in less than five months. As the article notes, periods of deep drawdown “often discourage new investors from entering the market in droves,” yet the fact that over half a million wallets appeared during this downturn signals that core demand has not vanished.
This stuttering adoption is playing out as macro risk assets bleed. Bitcoin ($BTC) changes hands near $71,200, with a 24‑hour range roughly between $71,100 and $76,700 and about $50.3B in spot turnover. Ethereum (ETH) trades around $2,100, down more than 7% on the day, on roughly $49B in 24‑hour volume and a market cap near $252B. $XRP ($XRP) itself hovers close to $1.43, down over 10% in the last 24 hours, with around $2.14B in spot volume and $8.19B in derivatives flow.
For traders, the signal is uncomfortable but clear: price is capitulating faster than participation. If that divergence persists, it sets the stage for the kind of reflexive snapback that has historically followed heavy liquidation phases in assets like Bitcoin and $XRP.