thecryptobasic.com
$XRP network activity has increased sharply even as its price continues to fall, highlighting a widening gap between network activity and price performance.
According to analytics platform Santiment, $XRP closed at about $1.00 on August 12, its lowest daily close since November 2024. That is about 69% below its January 2025 peak of nearly $3.30. Despite the price decline, existing $XRP users have become significantly more active.
$XRP Active Addresses Rise
Santiment data shows that $XRP averaged about 35,700 active addresses per day in August, up from around 26,400 in July. That represents an increase of about one-third.
August 11 was particularly active, recording the highest number of $XRP active addresses since June 5. However, $XRP is not gaining many new users.
The average number of new addresses was about 2,260 per day in August, almost unchanged from July’s 2,270. This suggests that existing $XRP users are becoming more active, while the network is attracting relatively few new users.
In short, $XRP activity is rising, but its user base is not.
Analyst Moves $XRP Buy Target to $0.94
Meanwhile, the increase in network activity comes as $XRP remains under pressure. $XRP technical analyst Casi said she has moved her buy target to $0.94 while stressing that the goal is not to catch the exact market bottom.
“I’m Moving My Buy to $0.94,” Casi wrote, explaining that she wants her entire order filled rather than waiting for a perfect downside wick.
The analyst continues to expect $XRP could eventually fall to $0.87, which remains her main downside target. However, Casi believes there is enough technical alignment around $0.94 to justify entering a position there.
She outlined a scenario in which $XRP drops toward $0.94, stages a relief rebound, and subsequently falls toward $0.87.
Road to Double Digits
$XRP is currently trading at around $1.00, with growing risk of another drop below the key psychological level. Notably, the price dipped to $0.9915 two days ago before slightly recovering to $1.024. It has now dipped again, down 1.34% over the past day and 5.56% over the past month.
$XRP price has plunged nearly 73% from its July 2025 all-time high of $3.66. Meanwhile, analyst ChartNerd says $XRP is approaching a key long-term ascending support zone between $0.70 and $0.90.
Previous major corrections were followed by rebounds of 10X, 2.3X, and 6.9X. Accordingly, ChartNerd speculated that another rally could eventually push $XRP toward $11.