XRP active addresses halve in two weeks, but the ledger's still doing cardio 🏋️

Active addresses on the XRP network fell by roughly 50% over the past two weeks, declining from nearly 50,000 to around 25,000 and erasing a substantial portion of recent engagement. The contraction unfolded as $XRP struggled to establish a sustained recovery following its June sell-off, with the asset trading near $1.13 at the time of writing after losing the $1.30 support region earlier this month.

Despite the drop in participation, on-chain valuation metrics moved in the opposite direction. XRP's Network Value to Transaction (NVT) Ratio fell to 199.75 after a 15.29% daily decline, indicating that transaction activity improved relative to the asset's market value. A lower NVT ratio typically signals closer alignment between network value and transaction volume, which in XRP's case suggested that valuation pressures eased even as fewer users interacted with the network.

Spot flow data continued to show more $XRP leaving exchanges than entering them. Inflows reached approximately $39.11 million while outflows totaled about $46.76 million, leaving netflows in negative territory. The pattern, consistent with prior weeks, pointed to a reduction in exchange-held supply rather than an increase in selling activity, as investors moved tokens into private wallets.

Technical indicators reinforced a cautious near-term setup. The Directional Movement Index showed the -DI at 27.21 above the +DI at 20.47, with the ADX at 27.10, indicating that bearish control persisted despite recent rebound attempts. Chart resistance was visible around $1.37, with a stronger barrier near $1.50, while $XRP held above major support near $1.09.