April 5, 2025
Sharp Decline
From a peak of 63,389 on January 16th, XRP’s active addresses fell to 22,859 by April 3rd, signaling a sharp decline in network activity.
Source: Glassnode
This slowdown follows a period of speculative interest when XRP surged by over 485%. However, this surge led to short-term speculation, with XRP’s realized capitalization jumping from $30.1 billion to $64.2 billion, and over 62.8% of the realized cap now held by new investors.
Potential Losses
Despite its rally, XRP’s concentration of wealth, along with heavy retail participation, raises concerns about potential losses, as many investors are now at risk.
As enthusiasm waned in late February, the Realized Profit/Loss ratio began to decline, suggesting a loss of market confidence. Combined with the drop in network activity, this signals an increasing risk of panic-driven exits.
