XRP Ledger Active Addresses Down 41% on Crypto Holdings: Santiment
Key Insights:
- Santiment data shows XRP Ledger active wallets are down 41% on average returns.
- Ripple pushes African expansion as regulation strengthens across key markets.
- XRP ETF assets hold near $940 million, with mixed inflows signaling cautious institutional interest.
XRP Ledger data shows a deep drop in trader returns, with average active wallets down 41% over the past year.
Fresh insight from Santiment points to the weakest MVRV level since the FTX crash, raising new questions on risk and timing.
XRP Ledger Address Outlook Shows Deep Losses For Active Wallets
The XRP Ledger has seen a sharp change in user outcomes. According to Santiment, wallets that have been active over the last year are sitting on an average loss of about 41%.
This figure is not just about price moves. It reflects what traders actually hold versus what they paid, a key measure tracked through MVRV.
This level is the lowest since late 2022, when the market was hit by the FTX collapse. That period forced many traders to sell at a loss.
The current reading now points to a similar level of stress among holders. For many in the market, this is a signal that most weak hands may have already exited.
XRP Ledger Wallet Profiling | Source: Santiment
Santiment notes that when average returns fall this far below zero, risk tends to drop. The reason is simple: there are fewer traders left who can panic sell at lower prices.
In such phases, buyers who step in are not competing against strong profit takers. Instead, they are entering a market where losses have already been absorbed.
Short-term and long-term views both matter here. The 30-day and 365-day MVRV bands give traders a way to track shifts in sentiment. When both remain low, it often marks a base forming.
The XRP market has reached that zone again, and that is why some see it as a period with lower downside risk compared to earlier months.
Ripple Expands African Mission As Regulation Gains Ground
While on-chain data shows pressure on returns, Ripple continues to push its growth plans, especially in Africa. The firm points to a strong rise in digital asset activity across the region, backed by clearer rules.
Recent figures show over $205 billion in on-chain value tied to the region, with growth of 52% year on year. Countries such as South Africa, Nigeria, Kenya, and Mauritius are moving toward defined crypto frameworks. This shift is seen as a key driver for adoption.
Africa Crypto Market Amid Regulatory Growth | Source: Ripple
Ripple has long focused on cross-border payments, and Africa remains a major target due to its large remittance flows. Clear rules reduce risk for firms and open the door for more services to launch.
That could support future activity on the XRP Ledger, even if current wallet returns remain under pressure.
The link between regulation and use is direct. Where rules are clear, firms build. Where firms build, users follow. Ripple is betting that this path will bring steady demand over time.
XRP ETF Inflow Trend Stays Mixed As Assets Hold Near $940M
Recent ETF-related data adds another layer to the story. Figures tied to XRP ETF products show total net assets around $940.58 million as of early April. Daily flows remain uneven, with periods of inflow followed by outflow.
At one point in late March, daily net inflow reached about $1.40 million, while total assets stood close to 978.92 million. Since then, the trend has cooled, with some days showing near-zero movement.
Price action has also moved alongside these shifts, with XRP trading around the mid $1 range in the same period.
The pattern suggests that large investors are still testing the waters rather than making firm long-term bets.
Notably, ETF flows often act as a proxy for institutional interest. When flows are steady, confidence tends to build. When they turn mixed, it signals caution.
Taken together, the drop in XRP Ledger returns, Ripple’s push in Africa, and the uneven ETF flows paint a balanced picture.
There is stress in current holdings, but there are also signs of long-term positioning. For now, the market sits between fear and quiet accumulation.
The post XRP Ledger Active Addresses Down 41% on Crypto Holdings: Santiment appeared first on The Coin Republic.
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