XRP is trading at $1.0987 as of July 12, 2026, down 0.84% in the past 24 hours, with on-chain activity dropping to its second-lowest level of the year. Daily active addresses on the XRP Ledger have fallen to just 25,350, and new wallet creation has hit its lowest point since November 2024, signaling a sharp decline in network usage.
Price Action and Technical Signals
Over the past 60 days, XRP has lost 23.48% of its value, with the 4-hour chart showing a clear downtrend as the 50-day moving average slopes downward. Binance Research suggests a potential 5% bounce to $1.11, but analysts caution that this is merely a technical rebound scenario. The broader market remains in a 'mixed' phase, with major data aggregators like CryptoRank and Cryptopotato describing 2026 as a harsh correction period for cryptocurrencies.
On-Chain Decline Raises Concerns
The drop in active addresses and new wallets indicates a significant slowdown in real user adoption, according to 24/7 Wall Street. This on-chain weakness coincides with the price decline, undermining the ecosystem's growth momentum. No major protocol upgrades or partnership announcements have been made for XRPL recently.
Ripple's SEC Battle Revisited
Ripple CEO Brad Garlinghouse revealed this week that the company seriously considered shutting down after the SEC filed its lawsuit classifying XRP as a security. He stated that Ripple spent approximately $150 million to fight the case and keep employees on payroll, calling it an 'existential crisis' for the firm. While the disclosure is retrospective, it highlights the lasting impact of regulatory risk on XRP's price and institutional adoption.
Outlook and Key Levels
AI-based price prediction models suggest XRP could reach $2.50 or higher in 2026, but these forecasts are speculative and not tied to Ripple's official roadmap. Reports linking the IMF to XRPL remain unconfirmed. With circulating supply at 62.47 billion XRP and a fully diluted market cap of $109.8 billion, analysts advise caution until on-chain activity recovers above 30,000 daily active addresses and daily trading volume exceeds $1 billion.