The on-chain metrics for XRP have declined significantly in the past 48 hours, leading to concerns about the asset's market structure and price performance. There has been a 50% decrease in the number of payments on the XRP network, along with a drop in payment volume and the number of active addresses. This decline in on-chain activity could be a reflection of lower investor confidence or the overall market drop in recent weeks. Currently, XRP is trading at around $2.46 and remains below the 50 EMA, indicating a bearish signal. The next resistance level is at $2.69, but there is limited buying support. If XRP loses the support level at $2.18, it could see further downward pressure towards $1.65. Despite the lack of activity, the situation is more likely to be a neutral trend rather than a catastrophic outflow. To reverse the trend, XRP needs to stay above the 50 EMA and reclaim $2.7, with an eventual goal of pushing above $3. However, this would require a surge in on-chain activity to support a price reversal.



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