XRP (CRYPTO: XRP) active addresses surged 84% since Aug. 1 as large wallet holders quietly accumulated during the price decline, yetETF inflows went flat for the first time in weeks.
Why Is On-Chain Activity Jumping While Price Falls?
Analyst Ali Martinez flagged on X that active XRP addresses climbed from 23,642 to 43,543 since Aug. 1, an 84.18% jump in network activity that runs directly against the bearish price narrative.
Santiment added on X that the XRP Ledger’s million-XRP wallet cohort added 32 wallets over the past three months despite a 29% market cap decline.
The firm said when large holders grow while market cap falls, stronger hands are absorbing panic selling rather than joining it.
