XRP has seen better days. With declining on-chain activity and its exit from the "millionaire's club," Ripple's flagship token is experiencing one of its most severe crises in years. A closer look at this decline raises serious questions.
The cryptocurrency market is being shaken by alarming news : XRP, Ripple ecosystem’s token, has just fallen out of the prestigious “millionaires’ club” while its daily blockchain transactions plummet to historically low levels. For professionals and seasoned investors in the crypto sector, this trend raises serious concerns about the long-term sustainability of XRP’s on-chain utility.
While XRP struggles to maintain its position above $3, on-chain data reveals a brutal loss of network vitality. On September 15, 2025, transaction volume between addresses collapsed to 223,000 transfers, compared to nearly 850,000 on average just weeks earlier—representing a drop of more than 70%.
Among the identified technical and economic factors, several elements may explain this erosion of transactional activity :
This retreat isn’t merely a temporary setback : it illustrates a genuine structural breakdown in the XRP model.
While Ripple continues to actively promote tokenization of assets for the banking and financial sector—notably via RippleNet and On-Demand Liquidity (ODL) solutions—these figures contradict the narratives of growing adoption. XRP’s network activity isn’t following the expected curve, revealing a gap between promise and reality.
Despite legal victories in the United States and the institutional engagement touted in recent years, the collapse in transaction volume suggests that XRP Ledger technology is struggling to convince in real-world use cases. The decline in on-chain adoption could undermine XRP’s credibility as a structural asset for international digital payments.
On the technical front, XRP recently broke out of a descending triangle with hopes of a new rally. However, despite a quick spike to $3.20, bullish momentum faded and sellers regained control.
In the short term, XRP could still fall to $2.92 in the coming hours while maintaining its bullish structure.
Currently, XRP is trading around $2.96, just below the 50-day exponential moving average (EMA50), which acts as initial support. In case of a bearish breakdown, the asset could quickly drop to the $2.87 zone, or to $2.80 where the EMA100 constitutes a last line of defense.
Technical points to monitor :
A rapid resumption of the bullish trend is essential to save the medium-term market structure and avoid a downward spiral. Currently, the 1H RSI is oversold and shows a bullish divergence, suggesting a potential short-term rebound could occur.
In the crypto ecosystem, being part of the “top 100 assets by market cap” or cryptocurrencies with a high proportion of millionaire wallets is a symbol of success and stability. However, XRP has just exited this category, signaling massive disengagement from large holders (“whales”) and a loss of attractiveness among long-term investors. According to Ali_charts, more than 180 million XRP have been sold by whales over the past two weeks.
With the altcoin ecosystem as a whole retreating since early September, XRP now appears vulnerable from both fundamental and speculative perspectives.
In summary, XRP is going through one of its most significant turbulent periods since the end of its legal battles against the SEC. The dramatic decline in on-chain transactions highlights a network slowdown and weakens the fundamental narrative of this digital asset’s utility. By falling out of the crypto millionaires’ club and risking a technical breakdown of major supports, XRP could see its status as a reference asset called into question.
For active investors in the French cryptosphere, XRP remains a case to monitor very closely, at the crossroads of regulatory, technological, and global liquidity challenges.
XRP is going through a turbulent phase with falling transactions, but its exit from the millionaires’ club could mark an ideal entry point for patient investors anticipating a rebound toward $3.50 and beyond.
Here’s how to buy it on Zoomex :
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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