Crypto Analyst Warns: XRP On-Chain Metrics Collapse as Price Stays Flat

The chart and post by Crypto Uncle paint a clear, cautionary picture of what’s happening under the surface of XRP’s price. While the token remains relatively stable around the $2 mark, on-chain metrics are telling a different story – one that means growing disinterest or user fatigue.

New address growth is one of the cleanest ways to track user interest. When it slows down like this, it often means fewer new participants are entering the ecosystem.

This drop means that retail and maybe even institutional excitement is cooling off, even though the price has held steady.Active Wallets Are Falling Too

Fewer active users typically mean lower transaction volumes, slower ecosystem activity, and reduced demand. And even if price holds up for a while due to low supply or trading inertia, that divergence between price and actual network use rarely lasts long. It either corrects downward – or something major needs to reignite participation.