BEARISH 📉 : Ripple reports XRPL transactions down 37%, wallets down 40% in Q1
Bird: XRP won’t rally without XRPL use; Ripple reports Q1 transactions -37%
XRP analyst Bird says price runs follow on‑chain activity, not waiting. Ripple’s Q1 2025 report shows XRPL cooled after Q4.
“Tokens don’t pump by themselves,” Bird warns. Holders expecting a breakout need real network usage to drive it (NewsBTC) and Bird’s post.
He points to past leaders like Solana, BNB, and Ethereum. Memecoins, NFTs, and dApps boomed first. Native tokens then followed the activity (Bird).
Many treat XRP as a hold‑and‑wait play. The narrative leans on regulation, Ripple partnerships, and acquisitions (NewsBTC). Bird argues being bullish on XRP also means being bullish on XRPL usage—memes, NFTs, swaps, builders, dApps, real on‑chain flows (NewsBTC).
Ripple’s Q1 2025 XRP Markets Report confirms a pause. XRPL transactions fell 37.06% QoQ. New wallets dropped 40.28% (Ripple Q1 2025).
Yet XRPL’s toolset expanded. Devs shipped permissioned domains and credentialed access (Bitcoinist), the Token Escrow amendment (XLS‑85) (Bitcoinist), and XLS‑65/66 lending primitives (Bitcoinist) for institutional DeFi.
Holding shows conviction. But it doesn’t create usage. “You don’t understand XRPL until you use it,” Bird says, urging swaps, mints, and on‑chain movement (Bitcoinist).
