XRP has slid to the $1 level, but network activity has instead risen sharply, blockchain media outlet DeCrypt reported on Aug. 13.

The number of active XRP addresses has surged in August, but there has been almost no increase in new users, widening the gap between price moves and network indicators.

Based on data compiled by Santiment, XRP closed on Aug. 12 at about $1.00. That was its lowest daily close since November 2024. It was about 69 percent below the peak of about $3.30 recorded in January.

Network usage intensity has increased. Average daily active XRP addresses in August stood at about 35,700, up about one-third from about 26,400 in July. In particular, the number of active addresses on Aug. 11 marked the highest level since June 5.

The problem is that new inflows are not keeping pace. Average daily new addresses in August were about 2,260, virtually unchanged from 2,270 in July. That means activity by existing users has increased but the network base itself has not widened. The outlet also pointed out, "XRP activity is increasing, but the user base is not."

In the market, with price weakness continuing, the possibility of further declines is also being discussed. Technical analyst Cassie lowered her buy target to $0.94. "My goal is not to catch the exact bottom," she said. "Rather than waiting for the perfect lower wick, I want to get the entire order filled."

Cassie still sees $0.87 as a key downside target. But she assessed that there is enough technical alignment around $0.94 to justify an entry. She laid out a scenario in which XRP falls to $0.94, rebounds briefly, and then drops again toward $0.87.

XRP has in fact been increasing the risk of slipping below $1 again. After falling to $0.9915 two days ago, it edged up to $1.024 but then fell again. It was down 1.34 percent over the past 24 hours and has dropped 5.56 percent over the past month.

There are also views on long-term support. Analyst Chartnerd saw XRP approaching a long-term rising support zone between $0.70 and $0.90. Chartnerd said that rebounds of 10 times, 2.3 times and 6.9 times followed past large corrections, and mentioned the possibility it could rise to $11 in the next rally.

Still, the trend currently being confirmed is closer to a change in activity participants than a price rebound. Active addresses are clearly rising, but with new addresses not increasing, further confirmation is needed on whether this expansion in network activity will lead to a broader market base. In this situation, the short-term focus for XRP is whether it can defend the psychological $1 line and whether buying interest actually flows in around $0.94 and $0.87.