XRP closed at $1.00 on Aug. 12, its lowest daily close since November 2024, even as on-chain data pointed to heavier use by existing network participants rather than fresh user growth. Santiment said daily active addresses averaged about 35,700 in August versus 26,400 in July, an increase of roughly 35%, while new addresses were nearly unchanged at about 2,260 a day from 2,270. The latest report measured XRP at about 69% below a January 2025 peak near $3.30; earlier reporting in this topic had instead framed the drawdown as 71.7% from a July 2025 all-time high of $3.66, leaving the reference peak unclear. Trading volume had previously been reported down 35.3% to about $940.12 million, wallets holding at least 1 million XRP increased by 32 over three months even as market capitalization fell nearly 30%, and analysts including Ali Martinez have pointed to oversold conditions and support zones around $0.94, $0.87 and $0.70-$0.90 as traders assess whether the prolonged decline can stabilize or reverse.