XRP Sees 80% Drop in New Wallet Creation Over Five Months

XRP has experienced an 80% decline in new wallet creation over the past five months, raising concerns about its price stability. This drop in network activity has led to differing opinions among analysts regarding XRP's potential to reach the $3 mark.

XRP Price Surge Stalled

New on-chain data shows a significant decrease in new wallet addresses from nearly 30,000 daily in November 2024 to between 2,000-5,000 per day by mid-June 2025.
Daily active addresses fell from 577,000 to 34,000.
XRP's price is currently just above $2, with no clear upward momentum.
The decline in engagement suggests diminishing interest in XRP, impacting its price recovery potential.

Analyst Coin Bureau indicates that without fresh users or increased on-chain activity, conditions for a price resurgence to $3 are unfavorable.

Analyst Debunks Bearish Forecast

Contrarily, analyst Moon Lambo argues that the reduced network activity is a normal correction following a previous surge and does not indicate fundamental weakness.
He asserts that XRP remains relevant despite lower activity levels, reflecting broader market trends rather than specific issues within the XRP ecosystem.
Google Trends data supports this view, showing a general decline in search interest across the cryptocurrency market.

This ongoing debate highlights contrasting perspectives on XRP's future amid changing market dynamics.