- Ripple’s 900 million XRP reshuffle stirs speculation as user activity collapses across the network.
- Weak derivatives data and short-term holder dominance suggest fragile confidence in XRP’s rebound.
Ripple [XRP] recently locked 400 million XRP (worth over $869 million) into escrow while simultaneously receiving 500 million XRP from unknown wallets.
Such coordinated flows have sparked fresh chatter.
While escrows typically represent controlled tokenomics, the inward inflows muddy the waters. Is Ripple quietly preparing for a liquidation event, or simply rearranging its reserves?
Has XRP’s user base collapsed beyond recovery?
On-chain data revealed that XRP’s Transaction Count dropped to 249K, down significantly from prior highs. Likewise, Network Growth slowed sharply, with just 1,022 new addresses created recently.
This sharp decline in both user activity and adoption suggested a waning interest among retail users.
Despite Ripple’s massive token shuffles, there’s no visible uptick in user interest. The retail crowd appears to be unplugging.


Source: Santiment
Is THIS a sign of strength or hidden weakness?
At first glance, XRP’s NVT Ratio tumbling to 136 may seem bullish. However, Transaction Count and Address Growth were simultaneously declining, showing the opposite.
The NVT dip is not due to rising utility but rather a drop in market cap, which artificially deflates the ratio. This divergence highlights deeper structural weaknesses in XRP’s on-chain activity.
Investors should be cautious in interpreting NVT as a bullish indicator during periods of broad usage decline.


Source: Santiment
Are short-term traders returning to Ripple?
Some speculative spark has returned.
The Realized Cap HODL Waves showed a small rise in the 1-day to 7-day band, indicating more short-term activity.
However, long-term waves remain relatively flat, with no signs of increasing accumulation. This pattern suggested speculative trading may be returning, but it lacked deeper investor conviction.


Source: Santiment
Internal sell pressure rising?
Exchange Reserves declined 1.71% to $6.24 billion, suggesting supply is moving off exchanges.
But wait—the 500M XRP inflow to Ripple from unknown wallets complicates that take. Is Ripple offloading behind the scenes or preparing for redistribution?
Either way, this inflow casts doubt on the holding narrative.


Source: CryptoQuant
Are derivatives traders quietly exiting XRP markets?
Over in leveraged markets, the exodus is on.
XRP’s derivatives volume declined nearly 30%, while Open Interest dropped 3.65% — signaling reduced exposure. Meanwhile, Options Volume plunged by 45.55% despite a minor 5.74% increase in Options Open Interest.
These metrics reveal that traders are becoming less active in XRP derivatives, possibly due to ongoing price stagnation and weak fundamentals.


Source: CoinGlass
Lower market participation from leveraged traders often translates to lower volatility but also signals fading enthusiasm.
Ripple’s token moves seem deliberate, but they’ve failed to revive activity. With weak fundamentals and fading demand, XRP’s outlook stays shaky.