As XRP continues to struggle below the $1.50 zone, the asset’s network activity has dropped sharply, signaling cooling participation across the blockchain.
In this line, the number of active wallets fell from 55,080 on February 9 to 40,778 by February 15, reflecting a decline of about 26%, according to on-chain data shared by Ali Martinez on February 17.
Notably, activity peaked at around 55,000 active addresses on February 9 before plunging on February 10. From February 11 through February 15, daily active addresses remained subdued, fluctuating between 41,000 and 43,000 but failing to regain earlier highs.
Active addresses are a key measure of network engagement and transaction demand. A sharp decline over a short period signals reduced on-chain activity and weakening short-term participation from traders and investors.
From a price standpoint, softer network activity can curb bullish momentum. Lower engagement typically translates into weaker liquidity and transactional demand, which can pressure XRP’s price.
XRP price weakness
The drop comes at a time when the cryptocurrency’s price has shown resilience in recent days, rallying roughly 38% from early February lows around $1.11 to $1.20 following a sharp crypto-wide crash. However, XRP remains significantly below its 2025 peak of $3.65.
In this line, a major development weighing on sentiment is a sharp revision from banking giant Standard Chartered, with its analysts slashing their end-of-2026 XRP price target by 65%, from a previous bullish forecast of $8 to $2.80.
Global Head of Digital Assets Research Geoffrey Kendrick cited challenging price action, macro headwinds, reduced institutional inflows, and expectations of further near-term declines across the crypto sector.
Despite the bearish outlook from Standard Chartered, some positive signals persist. XRP ETFs have attracted over $1.37 billion in inflows since late 2025, and Ripple recently unveiled an institutional roadmap in mid-February, including DeFi scaling features, lending capabilities, and a substantial treasury fund.
XRP price analysis
By press time, XRP was trading at $1.46, down about 1% over the past 24 hours. On the weekly timeframe, the asset is up nearly 3%.
As it stands, XRP remains below both its 50-day SMA at $1.83 and 200-day SMA at $2.34, signaling sustained bearish momentum across the medium and long term.
The fact that the price remains below these key moving averages suggests sellers are still in control, and rallies may face resistance near those levels.
Meanwhile, the 14-day RSI stands at 44.26, in neutral territory but below the midpoint of 50, indicating weakening buying pressure without yet reaching oversold conditions.
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