XRP traded around $1.01 after falling to about $1 on Aug. 12, its lowest close since November 2024, with Santiment data indicating the price drop has not been accompanied by a meaningful influx of new users. The token is down about 69% from its January 2025 peak of $3.3, while CoinMarketCap showed it down 4.11% over the past seven days. Santiment said the XRP network averaged about 35,700 daily active addresses so far in August, up roughly 33% from about 26,400 in July. Average daily new addresses, however, stood at about 2,260 in August, little changed from July, suggesting activity has been driven more by existing users than by expansion of the user base. That mixed on-chain picture adds nuance to an already fragile market backdrop. A Polymarket contract titled "$XRP all time high by ___?" implies a 7% probability that XRP will set a new record by Dec. 31, 2026, while a Sept. 30, 2026 contract shows just a 1% chance. Those odds have fallen sharply, reflecting reduced confidence that XRP can surpass its January 2018 all-time high of $3.84. Earlier market data also pointed to defensive positioning across spot and derivatives markets even as network activity improved.