Investor Interest Declines
Market data shows a sharp decline in active XRP addresses, dropping from 530,000 to just 123,000. This signals falling investor interest and reduced liquidity, making a strong price rebound less likely. Broader market trends also weigh on XRP’s momentum.
However, long-term holders (LTHs) are playing a key role in maintaining price stability. These investors continue holding onto their assets instead of selling at lower prices. Their actions have helped prevent XRP from falling below the crucial $2 mark.
Price Outlook
Currently, XRP is at a price of $2.17, which is higher than its $2.14 support. While the previous 22% drop, it has held around $2 levels. Crossing $2.33 resistance, though, might turn out to be challenging on account of weakly bullish signals.
For now, XRP is expected to consolidate between $2.14 and $2.33. A breakout in either direction will depend on broader market recovery. If XRP falls below $2.14, it may decline further to $1.94, pushing it into a more bearish phase.
Market participants will keenly watch market emotions and long-term investors’ perception to see if XRP may regain strength over the next weeks.
