XRP Ledger Activity Falls to 2026 Lows as Interest in XRP Drops

Highlights: 

• XRP Ledger activity has plummeted to a significantly low level, suggesting declining investor interest in the asset.
• The number of newly created wallets on the XRPL has also dropped to its lowest level in a very long time.
• Santiment believes that developmental projects and the RLUSD stablecoin expansion could restore activity on the XRPL.

Recent on-chain data shows that activity on the XRP Ledger (XRPL) has dropped significantly, even as XRP continues to trade below $1.10. In an X post on Friday, analytical intelligence platform Santiment reported that only 25,359 XRP wallets were active on July 10. This is the second-lowest level of network growth recorded so far in 2026. 

At the same time, only 2,130 new wallets were created, marking the lowest level of network growth since November 2024. The sudden dip in market activity came a few weeks after buying activity picked up in late June as traders capitalized on XRP’s price declines to accumulate the token at discounted prices. 

Since then, interest in XRP has dropped significantly, suggesting that many market participants have chosen to become cautious before investing in the asset again. “After late-June dip-buying excitement, it looks like traders are waiting for a real catalyst instead of chasing another small bounce,” Santiment explained.

✍️ TL;DR: XRP Ledger activity hits rare lows as traders wait for catalyst
📊 Metrics Used: Active Addresses, Network Growth
🔗 Live Chart: https://t.co/PU1PeLUccm

📊 XRP Ledger activity has gone unusually quiet while price keeps ranging just below $1.10. The network just saw… pic.twitter.com/4kJNoi4pbA

— Santiment Intelligence (@SantimentData) July 10, 2026

Santiment Highlights Factors that Could Attract Users Back to the XRPL

Although activity has plummeted significantly, several developments on the XRPL could still bring back users to the platform. An example is the continuous expansion of Ripple’s RLUSD stablecoin. For context, Ripple has successfully launched the stablecoin in several regions like Japan, Türkiye, and Singapore. 

In late April, Ripple partnered with OKX, one of the world’s largest crypto trading platforms, to expand access to Ripple’s stablecoin globally. All these efforts aim to make the stablecoin more attractive for cross-border transactions. They also aim to position RLUSD favorably among competitors. Aside from the stablecoin, increased use of tokenized real-world assets on the XRPL could also attract more users to the network. 

On July 7, Crypto2Community reported that tokenized real-world assets on the XRPL have soared to about $4 billion. In addition, the network currently hosts over 500 tokenized assets. Tokenization allows traditional financial assets to be represented on blockchains, making it easier for traders to use them for different transactions and digital payment settlements. 

1/5 ~$4B in total tokenized real-world assets now sit on the XRP network, roughly 4x the size of its entire ETF market. Demand for XRP is turning up in three places at once. 🧵👇

This content is for informational purposes only and does not constitute investment advice. This… pic.twitter.com/YrC1q7COr3

— evernorthxrp (@evernorthxrp) July 6, 2026

Other developments could still help restore activity to the XRPL. These include businesses using Ripple’s payment technology, plans for lending services on the network, and the continuous improvement of the XRPL’s EVM sidechain (Ethereum Virtual Machine). The XRPL EVM sidechain is a connected blockchain that allows Ethereum apps and smart contracts to work with the XRPL.     

Santiment added:

“If any of those narratives heat up, on-chain activity would increase, and this would likely propel the #6 market cap in crypto back toward a $1.50 value.”

XRP’s Price Continues to Dip as XRP Ledger Activity Falls to Very Low Levels

At the time of writing, the crypto market is 0.1% down in the past 24 hours, with a market capitalization of about $2.28 trillion and a trading volume of $58.029 billion. Within the same period, XRP’s price has dipped 0.3%. The asset is changing hands at approximately $1.11, with a market cap of about $69.052 billion. It has a trading volume of $914.762 million and a fully diluted valuation of $110.526 billion.

In the past week, month, and year, the asset has dropped 3.7%, 1.3%, and 57.1%, respectively. Coincodex’s data shows that XRP supply inflation is high at 5.75%, while volatility is medium at 4.53%. In addition, XRP’s “Fear & Greed Index” points to “Extreme Fear” at 23, as sentiment remains bearish.