As XRP continues to struggle below the $1.50 zone, the asset’s network activity has dropped sharply, signaling cooling participation across the blockchain.
In this line, the number of active wallets fell from 55,080 on February 9 to 40,778 by February 15, reflecting a decline of about 26%, according to on-chain data shared by Ali Martinez on February 17.
XRP active addresses chart. Source: Ali Martinez
Notably, activity peaked at around 55,000 active addresses on February 9 before plunging on February 10. From February 11 through February 15, daily active addresses remained subdued, fluctuating between 41,000 and 43,000 but failing to regain earlier highs.
Active addresses are a key measure of network engagement and transaction demand. A sharp decline over a short period signals reduced on-chain activity and weakening short-term participation from traders and investors.
From a price standpoint, softer network activity can curb bullish momentum. Lower engagement typical
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