Recent data reveals a significant drop in new XRP wallet creations, marking its lowest point in two months. This trend coincides with a period of rapid growth, when address activity reached its peak with increased adoption. đ„BREAKING:#XRP NEW ADDRESSES DROP TO 2-MONTH LOW. FRESH INVESTOR INTEREST IS DRYING UP. The decline raises questions about whether XRP can sustain its current market position without fresh inflows from retail investors. đ While July’s surge suggested renewed enthusiasm, the recent slowdown points to caution among new participants. Steph Is Crypto (@Steph_iscrypto), a prominent analyst in the crypto space on X, highlighted the shift with data from Glassnode. His chart shows the number of new XRP addresses surged above 8,500 in late July before steadily falling below 5,000. This decline is noteworthy because it follows a peak in activity and even outpaced price gains in mid-July when the asset reached an all-time high. On-chain data often serves as a proxy for gauging adoption and retail interest. The correlation between address creation and price, which had been closely aligned, has now begun to decouple. While Julyâs surge suggested renewed enthusiasm, the recent slowdown points to caution among new investors, who historically have coincided with weaker performance. đ This is further supported by the fact that XRP’s price has also been struggling, sliding from recent highs and struggling to hold ground above $3 range. The timing of the downturn is significant as XRPâs price held steady in early August despite the drop in address creation but has since faltered. The decline in address creation suggests investor hesitation may now be weighing more heavily on the market. This could limit growth until new adoption trends re-emerge. Despite the setbacks, many analysts maintain that XRP’s long-term trajectory remains promising, with institutions, tokenization developments, and the XRPLâs role in financial infrastructure all supporting optimism. However, the current slowdown highlights a more cautious environment for investors. The short-term outlook suggests a slowing down of new retail inflows, but the network’s underlying fundamentals remain intact, giving the asset potential to recover once market sentiment improves. đ Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the authorâs personal opinions and do not represent Times Tabloidâs opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. đ€