Key Insights:
- XRP Ledger (XRPL) recorded one of its weakest days of 2026 as active wallets and new wallet creation dropped sharply.
- XRPL tagged transactions increased even though new users remained limited, showing existing users stayed active.
- XRP Price continues to move in a tight range as traders wait for a stronger reason to enter the market.
XRP Ledger activity has slowed as active wallets and new addresses fell to fresh lows. While XRP price remains stuck in a narrow range, data from XRPL shows existing users are still making transactions even as many traders wait for a clear market trigger.
XRP Ledger Active Wallets Fall To Yearly Low
The latest on-chain data shows that XRP Ledger has become much quieter over the past few weeks. Santiment reported that the network recorded 25,350 active wallets in one day. That is the second-lowest daily total seen this year. New wallet creation also dropped to 2,130, its lowest level since November 2024.
The numbers suggest that many traders are no longer rushing into the market. After buying activity picked up during the late June price dip, interest has cooled again. Instead of opening new wallets or making fresh trades, many users now appear to be waiting.
This slower pace also matches the recent XRP price movement. As of writing, CoinMarketCap data shows that the digital asset is trading at $1.10, down by 0.57% in the past 24 hours.
It is worth noting that the coin has remained in a narrow trading range without a strong move higher or lower. That has left many traders watching from the sidelines instead of taking new positions.
Santiment said there are still several things that could help bring activity back. Growth in RLUSD, more tokenized assets, wider institutional payment use, and possible lending products could encourage more people to use the network again.
For now, however, the data shows that users are waiting for something bigger before becoming more active.
XRPL Sees More Tagged Transactions
Even with lower wallet activity, another part of the network showed a different trend. XRPL community member Vet said source-tagged transactions rose by 28.6%. Source tags also increased by 13%. These tags are often used by exchanges and other services to identify customer payments.
The increase suggests that more services are using the network than before. While the number of new wallets has stayed almost unchanged, existing users are carrying out more transactions.
That is an important difference, as fewer new users does not always mean the network has stopped being used. The latest figures suggest that regular users are still active even though overall wallet growth remains weak.
The update gives a better picture of what is happening across XRPL. New participation has slowed, but activity from users already on the network has continued.
XRP Price Stays In Consolidation
In a separate development, market analyst EGRAG CRYPTO believes the current chart deserves close attention. According to the analyst, the 50 EMA, 100 EMA, and 144 WMA have moved close together on the two-week chart.
Similar patterns have appeared in past market cycles after the broader bottom had already formed.
The analyst expects the XRP price to move toward the 50 EMA near $1.60 before facing resistance. A pullback into the 0.618 to 0.50 Fibonacci area could then follow. In that view, the zone would help decide whether buyers are building positions before another move higher.
Price targets between $5 and $6.50 were also shared based on previous market cycles, while Fibonacci extensions pointed to higher levels. Even so, the analyst said those outcomes are not certain.
For now, the XRP price remains inside a tight range. Wallet activity on XRP Ledger has slowed, but tagged transactions on XRPL have increased. Traders are now watching to see which signal will shape the next move.
