Activity on the XRP Ledger has fallen to some of its weakest levels of 2026, with daily active addresses dropping to 25,350 and new wallet creation hitting its lowest since November 2024. Despite the decline, XRP’s price held steady near $1.10, suggesting the market is driven by speculation rather than network usage. Developers continue refining the network’s consensus framework, while technical analysts identify a critical support zone between $0.93 and $1.15 that could determine a potential turning point. Sustained price momentum may require renewed on-chain activity and catalysts such as institutional payments or tokenization.
According to Santiment, the XRP Ledger has seen a considerable decline in activity. Daily active addresses dropped to 25,350, the second-lowest for the year, while only 2,130 new wallets were created, the lowest since November 2024.
XRP remained unchanged at just under $1.10, indicating that its value is primarily driven by speculation and existing holders rather than increased usage. Sustained strength will eventually require higher transaction demand and new users, with potential catalysts including the growth of RLUSD, tokenization initiatives, and institutional payments.
Despite reduced usage, developers continue working on the network’s basic structure. Researchers at Common Prefix, working with the XRP Ledger Foundation, described the three-stage consensus protocol as Open, Establish, and Accept. Rather than mining and staking, validators rely on a set of peer nodes known as the Unique Node List for reaching consensus.
Consensus is achieved after multiple rounds of proposal and avalanche voting, requiring at least 95% support for transaction finalization. This ensures fast settlement without adding unsupported transactions to the ledger.
Market analysis expert Dark Defender believes XRP could be approaching the end of its correction period. This is based on a positive divergence on the weekly RSI and a support zone between $0.93 and $1.15, where multiple Fibonacci levels and trendlines converge.
If the price holds above this range, it would mark the end of the lengthy correction and begin an upward period. The next target for the upward run would be between $1.80 and $2.20.
