- XRP-USD
+0.11%
XRP sentiment has fallen to a three-month bearish extreme as the token slips below $1 on Aug.11
XRPL recorded 49,929 active addresses in 24 hours, more than double some of the lows recorded in July.
Higher wallet activity is encouraging, but weak ETF demand and the nature of on-chain activity mean it is not yet proof of an XRP price reversal.
XRP has fallen back below the psychologically important $1 level on Aug. 11, 2026, marking its first drop under a dollar since November 2024, and retail traders are increasingly pessimistic. Yet beneath the weak price action, activity on the <a href="https://www.ccn.com/education/crypto/how-decentralized-is-xrp-ledger-xrpl-facts-explained/” rel=”nofollow noopener” target=”_blank”>XRP Ledger (XRPL)is suddenly moving in the opposite direction.
Santiment reported on Aug.14 that XRP-related commentary across X, Reddit, Telegram and other crypto channels has reached its most bearish level in three months.
At the same time, XRPL recorded 49,929 active addresses within a 24-hour period, its highest level in more than two months.
That is a sharp reversal from July, when the network briefly sank to roughly 22,888 active addresses, while new wallet creation fell to 2,130, its weakest level since November 2024.
The divergence creates an obvious question: if XRP holders are becoming increasingly bearish, why is blockchain participation suddenly accelerating?
XRP Network Activity Has More Than Doubled From July Lows
Santiment defines its 24-hour active-address metric as the number of distinct addresses that send or receive an asset during a rolling 24-hour window. An address is counted once regardless of how many transfers it makes.
That means the jump toward 50,000 indicates a genuine increase in addresses interacting with XRP, but it does not mean 50,000 new investors bought XRP. Addresses can belong to exchanges, institutions, existing holders or automated systems.
There is nevertheless a notable change in trend.
On July 1, XRP daily active addresses had already risen roughly 72% from mid-June levels, even as the token struggled around $1. The subsequent July decline in activity erased much of that momentum.
The latest spike therefore suggests participation is returning precisely as price sentiment deteriorates.
Bearish Sentiment Can Be Contrarian, but Demand Still Matters
Santiment views extreme pessimism combined with strengthening network activity as a potential counter-signal. Historically, crowded bearish positioning can become supportive when sellers are exhausted and new demand begins entering.
There is some precedent for the argument. In June, XRP social sentiment fell to an eight-month low, even as several institutional and regulatory developments around Ripple continued progressing.
