XRP dropped to a 21-month low, falling below the $1.00 psychological support level a couple of days ago. The token remains 70% below its all-time high set approximately 13 months ago. Despite the price decline, network activity surged with daily active addresses averaging 35,700 in August versus 26,400 in July. Large wallets holding at least 1 million XRP continued to increase, growing by 32 over the past three months. Meanwhile, Ripple’s stablecoin RLUSD reached a market cap of $1.6 billion, while the overall XRP market cap declined by nearly 30%.
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