New wallet addresses on the XRP network cratered 85% between December 2024 and May 2025, dropping from about 18,000 per day to roughly 2,700. The decline points to a sharp retreat in retail involvement, according to on-chain data reviewed by GFdaily. Meanwhile, monthly active supply slid from 7.4 billion XRP per day to around 2 billion over the same period.
The on-chain slowdown
The numbers paint a quiet network. December 2024 saw daily new addresses hit 18,000. By May 2025 that figure was down 85%. Active supply — the amount of XRP moving between wallets each day — fell more than 70%. Both metrics suggest fewer people are opening wallets or transacting on the ledger.
Retail disengagement
New address creation is a standard proxy for retail adoption. When it drops steeply, it usually means the flow of first-time users has dried up. The data doesn't say why — no single event triggered it — but the trend coincides with a broader shift in market sentiment that has pulled back across major crypto assets, including XRP.
Futures buying fails to move price
A trader has been net buying a large volume of XRP futures positions at the current price, but the price hasn't risen meaningfully. That suggests the buying is being absorbed — possibly by others selling into it, or by a lack of follow-through demand. The result is a stalemate: the large position blocks upward movement rather than igniting it.
Broader market headwinds
XRP isn't alone. The pullback in sentiment has hit most major coins. But the on-chain data makes XRP's situation more visible: if retail isn't coming back and large futures bets can't lift price, the network faces an uphill climb. Whether the trend reverses depends on whether new use cases or market catalysts emerge — none are on the immediate horizon in the data.
