XRP hits lowest close since November 2024 as new user growth stalls

XRP fell to around $1, its lowest close since November 2024, but the drop has not been accompanied by an influx of new users, according to a Santiment analysis. Santiment said XRP closed at about $1 on Aug. 12, marking its lowest level since November 2024 and leaving it down about 69% from its January 2025 peak of $3.3. The firm added that XRP’s network averaged about 35,700 daily active addresses so far in August, up roughly 33% from about 26,400 in July, while average daily new addresses stood at about 2,260 in August, little changed from July. That suggests user activity has increased through existing users rather than an expansion of the new user base. According to CoinMarketCap, XRP was trading at $1.01, down about 4.11% over the past seven days.