Ripple’s XRP network has experienced a notable decline in activity over recent weeks, dropping 65% since the end of its explosive surge in late 2024. This sudden shift raises questions about market stability and potential long-term challenges for the blockchain and Ripple’s ecosystem. The sharp reduction in active addresses on the network, from a peak of 63,389 to just 22,859 over a period of ten weeks, signals a significant departure from the speculative enthusiasm that characterized the last few months. While the decline may be partially attributed to broader market shifts, it also reflects a more fundamental cooling of the XRP market. 2025 began with a surge driven by optimism fueled by political predictions and anticipation of pro-crypto regulations. However, this excitement has since waned, leading to a decrease in both network activity and investor confidence. 65% of the recent decline in activity can be attributed to the market’s gradual retreat from the peak in late 2024, suggesting underlying forces beyond short-term fluctuations are at play. This decline underscores a potential vulnerability within the XRP market: a significant concentration of new investment around high price levels, resulting in a risk of mass sell-offs. The influx of individual investors who entered the market during the speculative peak has created a fragile market structure that could be easily destabilized by any sudden downturn or unforeseen market shifts. This raises crucial questions about the long-term sustainability of Ripple’s growth strategy and their ability to generate sustainable adoption beyond speculation.