According to Santiment, XRP Ledger activity has fallen to unusually low levels recently. On July 9 and 10, only 25,350 and 24,887 daily active addresses appeared on the network.
Santiment wrote that these figures are the second lowest of 2026. Moreover, daily network growth was 2,130, the lowest since November 2024.
Traders and investors appeared to be on standby to buy a real move, rather than chasing a shallow price bounce like those experienced in mid-June and early April.
Spot volume trends supported this idea. Spot CVD on CryptoQuant has been in neutral territory for the last 90 days. This metric tracks aggressive or buyer participation in the market.
Spot CVD trends are declining. Although buyer sales have not yet dominated, it has signaled that purchases have decreased since March. There was a brief period of buyer buying activity in May, but this quickly evaporated. During that period, the price of XRP jumped to $1.55 before falling to $1.10.
Foreign exchange net position change has been negative in recent months. Negative values imply: XRP Tokens flowing out of exchanges are likely going into cold storage and accumulation.
But it wasn’t that heavy in terms of context. exit seizures In 2025.
XRP funding rates remain at extremely low levels
Analyst Darkfost, in this environment where spot buying pressure on XRP is decreasing believes It is stated that the speculative stance of the altcoin may also show a strong downward trend.
The 30-day total of funding rates was negative through 2026. Despite the over 70% correction since the cryptocurrency reached $3.66 in July 2025, the bearish consensus could serve as a hint for a medium-term reversal.
It was observed that the negativity in total funding rates continued in April 2025. The analyst observed that this correction was followed by a 126% rise.
Time will tell whether a similar scenario will occur. It is certain that spot volume trends must undergo a major change for such an increase to occur.
Final Summary
- Spot demand for XRP is decreasing and the price is moving sideways around the $1.10 support.
- Even after a deep price correction, a strong bearish consensus could signal a bullish reversal in the medium term.
