XRP falls to lowest daily close since Nov 2024 as activity rises
XRP closes around $1 on Aug. 12, its lowest daily close since November 2024, while Santiment shows active addresses up in August but new-user growth stays flat.
XRP (CRYPTO: XRP) recently made its lowest daily close since November 2024, but rising network activity and developments suggest the underlying XRP ecosystem remains active.
More Activity but no New Users In an X post on Aug.
13, Santiment data shows XRP closed around $1 on Aug.
12, its lowest daily close since November 2024 and roughly 69% below its January 2025 peak near $3.30.
Network activity, however, is moving in the opposite direction.
Active addresses have averaged around 35,700 per day in August, compared with around 26,400 in July.
The catch is that new-user growth remains stagnant as they averaged roughly 2,260 per day this month versus 2,270 in July.
This suggests the increase in activity is being driven by existing XRP users rather than an influx of new participants.
In other words, network usage is rising, but the user base isn’t expanding alongside it.
Evernorth Adjusts XRP Treasury Deal Evernorth announced changes to its transaction with Armada II as it works toward a planned Nasdaq listing.
The transaction was originally structured when XRP traded around $2.36.
With XRP substantially lower, Evernorth said the amended terms will adjust the share count based on XRP’s value at closing.
The goal is to keep the company’s capitalization aligned with the market value of its underlying XRP treasury while allowing each common share to represent a larger percentage of the treasury at current prices.
XRP Ledger validator Vet said the new structure effectively shifts Evernorth toward volume-weighted pricing for investor share issuance.
At current XRP prices, investors would receive exposure to more XRP per share when the company makes its expected public-market debut in the Q3 or Q4 of 2026.
Russia Backs Major Cryptos, But Not XRP Meanwhile, the Bank of Russia has established a framework allowing non-qualified investors to purchase certain cryptocurrencies.
Eligibility considers factors including market capitalization, average daily trading volume and at least five years of pricing history on foreign exchanges.
Under those criteria, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Tether (CRYPTO: USDT) have been included among cryptocurrencies available for public exchange trading.
However, XRP was not selected by the bank.
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