XRP has experienced a significant decline, dropping nearly 50% from its July 2025 peak of $3.60 to approximately $1.90. This downturn comes despite recent ETF approvals and regulatory advancements by Ripple. A prominent crypto analyst noted that selling his XRP holdings early proved advantageous. The price drop is attributed to large holders offloading over $700 million in XRP during the ETF rollout, overshadowing new buyer interest. Ripple's business growth has not translated into increased XRP utility in partnerships or network activity, with daily active addresses on the XRP Ledger remaining around 25,000.