XRP Price Faces Resistance as On-Chain Activity Shows Weakness
XRP Price Struggles to Gain Traction
- XRP price remains below $2.4 resistance, with monthly gains at 6.18%
- Despite a 385% rally since late 2024, XRP faces resistance and potential decline
- Over 70% of realized market cap concentrated from late 2024 to early 2025
Potential for Significant Decline
- Historical trends show vulnerability; previous peaks led to declines of 95% in 2017 and 80% in 2021
- Current patterns suggest XRP formed a local top in January 2025
Declining Address Activity
- XRP active addresses declined by 90% after a record high in March 2025
- Institutional inflows turned negative at $37.5 million, ending an 80-week influx period
Price Action and Technical Analysis
- XRP is in a consolidation phase within a falling wedge pattern
- A broader pullback could target the lower trendline near $1.76, about 25% below current levels
XRP Active Addresses - Source: Glassnode
XRP weekly chart - Source: TradingView