XRP network activity plunges almost 100% in a week

What happened

Whale activity on the XRP Ledger fell sharply, with transactions over $1 million dropping from about 70 in the prior week to just two on July 12, a near‑97% decline.

Confirmed

Global impact / market context

Large‑value transfers often show interest from big investors; their collapse suggests these investors are less confident or have less cash, which can thin market depth and make XRP prices swing more.

Analyst inference

XRP prices have reacted to regulatory news and overall crypto sentiment; a sudden drop in big‑holder trades may signal upcoming price moves and affect other crypto assets and exchanges.

Analyst inference

What to watch

1. Count of large XRP transactions – a rise could mean big investors are buying again, while continued low numbers may keep price pressure on XRP. Proposed
2. Regulatory actions involving XRP, such as decisions by the U.S. securities regulator, because they can quickly change big‑holder behavior and market mood. Proposed
3. Liquidity on major crypto exchanges that list XRP – less activity from big holders can lead to thinner order books and wider price gaps between buy and sell orders. Proposed

Affected assets

• XRP — XRP

Evidence

• finbold.com