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XRP Price Hits Lowest Close Since 2024 as Network Activity Rises
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
XRP price closed near $1.00 on August 12, marking its lowest daily close since November 2024 and leaving the token about 69% below its January 2025 peak near $3.30. Despite the price weakness, XRP network activity has increased. Active addresses averaged about 35,700 per day in August, compared with roughly 26,400 in July, while new addresses remained almost unchanged at around 2,260 per day. This suggests existing XRP users are becoming more active, rather than a large wave of new users entering the network.
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