XRP Is Crashing—So Why Are Users Suddenly More Active?

XRP network activity has increased sharply even as its price continues to fall, highlighting a widening gap between network activity and price performance.

According to analytics platform Santiment, XRP closed at about $1.00 on August 12, its lowest daily close since November 2024. That is about 69% below its January 2025 peak of nearly $3.30. Despite the price decline, existing XRP users have become significantly more active.

XRP Active Addresses Rise

Santiment data shows that XRP averaged about 35,700 active addresses per day in August, up from around 26,400 in July. That represents an increase of about one-third.

August 11 was particularly active, recording the highest number of XRP active addresses since June 5. However, XRP is not gaining many new users.

The average number of new addresses was about 2,260 per day in August, almost unchanged from July’s 2,270. This suggests that existing XRP users are becoming more active, while the network is attracting relatively few new users.

In short, XRP activity is rising, but its user base is not.

Analyst Moves XRP Buy Target to $0.94

Meanwhile, the increase in network activity comes as XRP remains under pressure. XRP technical analyst Casi said she has moved her buy target to $0.94 while stressing that the goal is not to catch the exact market bottom.

“I’m Moving My Buy to $0.94,” Casi wrote, explaining that she wants her entire order filled rather than waiting for a perfect downside wick.

The analyst continues to expect XRP could eventually fall to $0.87, which remains her main downside target. However, Casi believes there is enough technical alignment around $0.94 to justify entering a position there.

She outlined a scenario in which XRP drops toward $0.94, stages a relief rebound, and subsequently falls toward $0.87.

Road to Double Digits

XRP is currently trading at around $1.00, with growing risk of another drop below the key psychological level. Notably, the price dipped to $0.9915 two days ago before slightly recovering to $1.024. It has now dipped again, down 1.34% over the past day and 5.56% over the past month.

XRP price has plunged nearly 73% from its July 2025 all-time high of $3.66. Meanwhile, analyst ChartNerd says XRP is approaching a key long-term ascending support zone between $0.70 and $0.90.

Previous major corrections were followed by rebounds of 10X, 2.3X, and 6.9X. Accordingly, ChartNerd speculated that another rally could eventually push XRP toward $11.