XRP is currently struggling to maintain its $1.0082 price level following a failed attempt to breach $1.1 three weeks ago.. Despite increased transaction frequency among current holders, the asset faces significant selling pressure and a notable lack of new market participants.

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The disconnect between 35 ,700 active addresses and flat new user growth

XRP's current market behavior shows a strange split between engagement and expansion. While Santiment data indicates that active addresses climbed from 25,500 in July to 35,700 in August,the influx of new participants has stalled. According to the report, new daily addresses remained nearly identical, moving from 2,270 in July to just 2,260 in August. This suggests that the network is currently being sustained by a dedicated core rather than a growing community.

This pattern of high activity without expansion stands in stark contrast to the period in early 2025 when XRP traded above $3 and saw new user averages ranging between 10,000 and 13,000.. In the current environment, the lack of fresh capital means that the existing holders are doing all the heavy lifting. Without new market players to drive momentum, the asset remains trapped in a steep descending channel.

Rising Exchange Supply Ratio hits a late-June high of 0.026

Selling pressure is mounting as more XRP moves toward exchanges, a trend reflected in the Exchange Supply Ratio. As reported by the source, this metric has climbed to 0.026, marking its highest level since late June. A rising ratio typpically indicates that sellers are gaining the upper hand over buyers, creating a significant headwind for any potential price appreciation.

Technical indicators reinforce this bearish sentiment. The Awesome Oscillator has remained in negative territory for two consecutive weeks, suggesting that sellers currently maintain total control over market momentum. If this pressure persists, the asset faces a high risk of breaking below the psychological $1 support level, which could trigger further liquidations.

A 28% volume collapse and the search for a new catalyst

Market activity has cooled significantly, with trading volume for XRP dropping by 28% over the recent window. This lack of liquidity, combined with a decrease in volatility as measured by the Average True Range (ATR), suggests the market is entering a period of consolidation. Key indicators of this cooling include:

  • A 28% drop in overall trading volume.
  • Decreased price swings as measured by the ATR.
  • A lack of new address creation compared to July.

Despite the low volume, transaction counts have actually seen a recent spike. CryptoQuant data shows that XRP's transaction count rose from 1.3 million to 2.49 million over a six-day period. this indicates that while the number of people entering the market is flat, those already inside are transacting with much higher frequency.

Will the $1.0082 support level hold against the descending channel?

The struggle to maintain the $1.0082 price level leaves several critical questions unanswered. While the current trend is downward, the source does not specify what fundamental or regulatory catalyst would be required to reverse the sentiment. It remains unclear whether the current consolidation is a period of accumulation or merely a pause before a deeper slide.

Furthermore, the source does not address whether the increase in active addresses is a sign of long-term health or simply a symptom of existing holders reacting to volatility. Without a clear indication of when new users might return ,investors are left to wonder if the $1 support is a floor or a ceiling that has finally been breached.