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XRP Ledger volume rose 79% in the latest quarter, but active addresses declined 40% year-over-year. ETF inflows dropped 96% since launch, raising questions
The XRP Ledger saw its transaction volume increase by 79% in the latest quarter, even as the number of active addresses on the network fell by 40% compared to the previous year [2]. This divergence raises questions about whether XRP is primarily being used for utility or speculative trading, particularly as XRP exchange-traded fund (ETF) inflows have significantly declined [1].
| At a glance | |
|---|---|
| Price | $1.00 [1] |
| 24h Change | +1.76% [3] |
| Key Level | $1.00 support [1] |
| Catalyst | Unclear; ETF inflows down 96% [1] |
XRP is currently trading at $1.00, having recently dropped to $0.9889 on August 11, its lowest price in a year [1]. Despite this price performance, the XRP Ledger recorded an 84% increase in activity during the first eleven days of August, with active addresses rising from 23,642 to 43,543. However, this increase followed a period in early July when activity had fallen to its lowest point of the year [1].
The token's price has struggled, falling 45% from $1.88 on January 1 to $1.04 by June 30, and further to $0.9889 on August 11 [1]. While the XRP Ledger's overall volume has grown, the decline in active accounts suggests that larger, less frequent transactions may be driving the volume increase rather than a broader expansion of network users [2].
Institutional interest in XRP, particularly through spot XRP ETFs, has waned. These funds saw over $1.1 billion in inflows during their first two months of trading but recorded only $3.27 million in the first ten trading days of August, representing a more than 96% drop in inflows since their launch in November 2025 [1]. This decline in ETF buying coincides with XRP's price falling to a yearly low [1].
Ripple, the company associated with XRP, has been active in securing regulatory licenses, holding over 75 worldwide and spending approximately $4 billion on acquisitions since 2025. Notably, it secured a MiCA license in July, a significant achievement given that only about 210 of over 1,200 crypto firms in Europe obtained one [1]. Despite these efforts and improvements in adoption, these factors have not translated into sustained buying pressure for XRP [1].
| Support Levels | Resistance Levels |
|---|---|
| $1.00 [1] | $1.06 [1] |
| $0.80–$0.95 [1] | $1.12–$1.15 [1] |
| $0.60–$0.80 [1] | $1.32 [1] |
| $1.38 (200-day moving average) [1] |
The contrasting trends of rising ledger volume and falling active accounts, coupled with a significant drop in ETF inflows, suggest that XRP's market dynamics are complex. The token's future price action may depend more on regulatory clarity and broader market sentiment than on current network adoption metrics alone [1].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Sep 9, 2026 · How we report
As of September 5, 2026, the price of Ripple XRP is down 24% year-to-date, a trend analysts attribute to the fact that current corporate partnerships and athletic sponsorships do not require parties to purchase or hold the XRP token.
Brian Beck joined Ripple in August 2026 as the Director of Developer Relations to lead efforts in developer advocacy, technical enablement, and the growth of the XRP Ledger ecosystem.
The United States Senate is scheduled to vote on the CLARITY Act on September 15, 2026, which is identified as a potential catalyst for the price of Ripple XRP.