XRP has recently been on a "rapid rise", with a surge in wallet numbers and an increase in network activity, indicating strong growth momentum. In contrast, Bitcoin's on-chain activity has quietly declined, with the number of non-empty wallets decreasing by over 270,000, showing signs of weakness in its fundamentals.

The research director at Fidelity stated that the significant drop in Bitcoin's on-chain activity is attributed to the rise of Bitcoin ETFs. An increasing number of transactions no longer need to be completed on-chain, resulting in Bitcoin's mempool being nearly empty. While this does not mean Bitcoin is "dead", its "coldness" is still concerning.

XRP has not been idle, with steady wallet growth demonstrating significant network effects. Moreover, XRP has surpassed Bitcoin not only in wallet numbers but also has Ethereum trailing behind it. Can XRP's recent counterattack become the new darling of the market? It is evident that it is making a strong push.

Bitcoin's price recently fell below $100,000, with the weak trend closely related to the outflow of funds from ETF products. On Wednesday, the outflow amount for Bitcoin ETFs reached $251 million, putting market confidence to the test.

Despite Bitcoin being in a slump in terms of price, "whales" in the market may be accumulating chips during the downturn, driving a price rebound. Meanwhile, XRP, with its strong growth momentum, may see an explosion in the future, claiming market share.