Network activity for XRP has significantly declined since late 2024, according to blockchain analytics firm Glassnode. New address creation has dropped 85%, and monthly active supply has fallen sharply. Data also indicates whale-related selling pressure has eased, while a technical indicator suggests a potential short-term recovery setup.
On-chain activity for Ripple’s XRP has weakened considerably following its late-2024 rally. Blockchain analytics firm Glassnode reported that new XRP addresses have fallen from around 18,000 per day in December 2024 to 2,700 per day currently. This represents an 85% decline in network growth over that period.
Monthly active supply also dropped from 7.45 billion XRP per day to nearly 2 billion XRP. Glassnode explained that “the speculative momentum that drove the asset’s late-2024 rally has largely faded at the network level.” Concurrently, whale behavior has shown a notable shift.
CryptoQuant found that XRP inflows from whales to Binance have dropped to their lowest level since November 2021. The 30-day cumulative inflow metric previously climbed to nearly 2.6 billion XRP in early March. It has since steadily declined to around 736 million XRP, indicating eased selling pressure from large holders.
Analyst Ali Martinez observed a potential short-term recovery signal for XRP on its 4-hour chart. The TD Sequential indicator reportedly flashed a buy signal, a setup that has accurately identified several recent trend reversals. This suggests the recent local exhaustion phase may be ending.
According to Martinez, this opens the possibility for a rebound toward the $1.45 resistance level. He further identified $1.80 as a secondary upside target if the asset manages to break above overhead supply zones.
