By the end of August 2025, the price of XRP remained stable around $3, following the emergence of a promising bullish flag pattern on the daily chart.
Despite the breakout signals from the chart raising bullish hopes, investors remain cautious due to selling pressure from 'whales' and signs of declining activity on the XRP Ledger.
The latest quarterly report shows significant growth in stablecoins and system improvements, but the level of network usage reflects a mixed picture, making the outlook not truly uniform.
The XRP price chart shows breakout potential.
XRP continues to hold above the $3 threshold as traders focus on observing the bullish flag pattern appearing on the daily chart—a signal often indicating the potential for price to continue breaking out after a period of accumulation.
According to insights from Rose Premium Signals, if this breakout is confirmed, XRP could reach levels of $3.6234, $3.8608, and even $4.1066. The bullish momentum is even more evident after XRP recorded steady growth in the second quarter.
As of the end of the second quarter, XRP's market capitalization reached $132 billion, an 8.5% increase compared to the previous quarter, solidifying this coin's position as the fourth largest cryptocurrency by market cap. Regaining the $3 mark is considered an important step, but traders remain cautious.
Although the technical chart provides positive signals, the overall market picture is still not solid. Some data warns of selling pressure from large investors, which could dampen short-term gains.
Whale activity creates selling pressure.
On-chain data shows that during the same period, XRP 'whales' have continuously offloaded their holdings. According to analyst Maartunn, the distribution signals from large holding wallets are not only evident but are also ongoing.
Strong selling pressure from whales often weighs on the price, even when technical charts indicate a breakout potential.
This trend is particularly noteworthy as network activity in the second quarter noticeably slowed: the average daily active addresses fell by 41.2% compared to the previous quarter, down to 75,200; while new addresses also decreased by 46.2%, to only 305,800. These figures indicate a stagnation among both new and existing users, after two consecutive quarters of growth.
However, the long-term picture is more positive. Compared to the same period last year, the number of active addresses increased by 165.5%, while new addresses surged by 219.8%. This indicates that more people are using the XRP Ledger compared to 2024.
Concurrently, Ripple's monthly escrow release mechanism continues to be steady. Each month, 1 billion XRP is released, with unused portions being returned to new escrow contracts.
This additional supply is somewhat balanced by the amount of XRP permanently burned through transaction fees. Since the network launched until the end of the second quarter, approximately 14.1 million XRP has been burned, equivalent to $31.7 million.
The growth of Ledger shows a mixed picture.
The latest quarterly report from Messari has brought XRP Ledger into the spotlight in the blockchain community.
Ripple's USD-pegged stablecoin – RLUSD – closed the quarter with a market capitalization of $65.9 million, officially becoming the largest stablecoin on the ledger. Additionally, many other organizations have launched new tokens, including USDC and EURØP, contributing to a 35.7% increase in the total market capitalization of coins issued on XRPL, reaching $382 million.
The report also highlights significant technological advancements. On June 30th, the EVM sidechain of XRPL officially went live, enabling compatibility with the Ethereum ecosystem. Concurrently, the Rippled V2.5.0 upgrade brought notable features such as a permissioned decentralized exchange and TokenEscrow support, aimed at expanding tools for developers building applications on the ledger.
However, network activity shows signs of stagnation. The average daily transactions decreased by 20%, to 1.6 million. Among them, payment transactions accounted for 60.2% of total activity, while OfferCreate orders— which play a role in setting transactions on the order book—dropped to only 29.6%. These figures indicate that although infrastructure is continuously upgraded, user interaction levels in the short term are still somewhat weakened.
At the end of the quarter, the XRP Ledger operated with 1,008 nodes and 187 validators, of which over 58% of nodes have upgraded to the new software version. The report also reiterated the security incident that occurred in April, when a Ripple employee was targeted in a phishing attack. The incident was addressed, and users were advised to change their keys if they were at risk.