Dismal Performance for Ripple as XRP Trails BTC and ETH in Crucial Indicator

A pivotal metric tracking network and investor activity on specific blockchains shows a significant disparity in user engagement across the four leading cryptocurrencies. Bitcoin and Ethereum lead with 309,000 and 112,000 new wallets created per day, respectively, while XRP lags behind with just 3,500.

This suggests that retail investors have been largely disengaged with XRP, a stark contrast to the surge in new wallets in December 2024. XRP's recent price drop of over 5% only adds to the concerns. Despite this, analysts are optimistic about XRP’s future price movements as long as it stays above a crucial support line.

The lack of retail demand, however, could potentially pose a problem for the asset.