On-chain data shows that XRP network activity has plummeted sharply, with the number of active addresses on the XRP ledger dropping by more than half within a day to a low of 14,551, the lowest since 2026. The sudden decline in user engagement coincides with XRP's price consolidating around $1.40 after experiencing a 20% monthly decline and a 36% year-to-date drop. Although the decrease in addresses has raised concerns about investor withdrawals, some analysts believe that the price correction phase may be nearing its end, and a rebound above $1.30 is needed to move toward the $1.70 target.