XRP Has Been Dead At $1.4 For Weeks: Here's The Catalyst That Could Revive It

XRP is currently trading at $1.4, with new daily addresses plummeting over 80% since December to 5,020. Data from Glassnode indicates a significant drop in monthly active supply, decreasing 73% from 7.45 billion XRP to around 2 billion XRP per day. This decline in retail interest is attributed to a shift from retail speculation to institutional adoption following the late-2024 rally. Marcin Kazmierczak, co-founder of RedStone, noted that the network's focus is moving towards institutional usage, which may explain the decrease in retail participation. In a recent development, JPMorgan Chase & Co., Ripple, Ondo Finance, and Mastercard Inc. collaborated on a pilot transaction connecting the XRP Ledger with interbank settlement rails, signaling a move towards public blockchain integration over closed ecosystems. For more details, the full story can be found on Benzinga.com.