XRP Active Addresses Surge Despite a 10% Price Drop Today
XRP active addresses have surged while its price dropped 16%. With Binance outflows declining, what does this signal for XRP’s market sentiment?
XRP has dropped below $2, declining 17% over the past week. However, despite the bearish trend, on-chain data indicates a surge in network activity, raising questions about the underlying market sentiment.
With a pending final decision on the Ripple lawsuit expected a month later, on April 16, the XRP community might be holding on despite the macroeconomic downturn.
XRP Active Addresses Have Tripled in Two Weeks
According to on-chain data from Glassnode, from February 21 to March 10, the number of active XRP addresses more than tripled.
On February 21, XRP had 89,606 active addresses, but by March 2, this figure had spiked to approximately 543,000.
Number of XRP Active Addresses. Source:
Glassnode
Although there was a minor dip afterward, active addresses rebounded to 531,000 on March 7. As of March 10, XRP still maintains over 370,000 active addresses—far above its previous levels.
At the same time, XRP’s exchange outflows from Binance have significantly declined. On March 7, over $465 million worth of XRP left Binance, marking the highest daily outflow in a month.
However, in the past three days, outflows have sharply decreased, suggesting a slowdown in large-scale withdrawals from the exchange.
XRP Outflow (USD) from Binance. Source:
CryptoQuant
The divergence between price action and network activity raises key questions about market sentiment.
A surge in active addresses typically indicates heightened user engagement, suggesting growing demand or increased transaction volume.
However, the decline in Binance outflows may signal reduced accumulation pressure or hesitation among investors to move assets off centralized platforms. This is often interpreted as uncertainty about price direction.
Some analysts argue that XRP’s price decline, despite resilient network participation, could point to short-term speculative trading rather than fundamental weakness.
XRP Weekly Price Chart. Source:
BeInCrypto
Meanwhile, the drop in exchange outflows may indicate traders holding onto their assets rather than exiting.
Still, without a corresponding price rally, it suggests an equilibrium where neither buyers nor sellers have a decisive advantage.While the data reveals strong activity on the XRP Ledger, the market remains in flux.
Whether this heightened engagement translates into future price recovery or continued consolidation remains to be seen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?
This Thanksgiving, we are grateful for bitcoin returning to $90,000.

Bitcoin security reaches a historic high, but miner revenue drops to a historic low. Where will mining companies find new sources of income?
The current paradox of the Bitcoin network is particularly striking: while the protocol layer has never been more secure due to high hash power, the underlying mining industry is facing pressure from capital liquidation and consolidation.

What are the privacy messaging apps Session and SimpleX donated by Vitalik?
Why did Vitalik take action? From content encryption to metadata privacy.

The covert war escalates: Hyperliquid faces a "kamikaze" attack, but the real battle may have just begun
The attacker incurred a loss of 3 million in a "suicidal" attack, but may have achieved breakeven through external hedging. This appears more like a low-cost "stress test" targeting the protocol's defensive capabilities.

