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XRP continues to struggle under an ongoing downtrend with bearish indicators from the broader cryptocurrency market trying to recover its limits.
Despite this weakness, altcoins continue to benefit from the support of major wallets, even as some groups of whales reduce their exposure.
The ownership of the XRP supply has changed
Whale activity appears Notable redistribution of XRP supply between the main groups. Addresses containing 1 to 10 million XRP have sold more than 330 million XRP in the past four days, reflecting skepticism among mid-sized whales. However, their selling pressure did not send the offer to the exchanges or sales holders.
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Instead, larger wallets containing 10 to 100 million XRP absorb this supply. Their collections increased by 350 million XRP during the same period, worth more than $729 million. This accumulation signals deeper investor confidence, which often acts as a stabilizing force when market sentiment weakens.
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The overall picture for XRP continues to face challenges due to the decrease in network activity. Active addresses fell to a three-month low of 37,088, which shows that many investors are not transacting or transacting with the network. This decrease usually indicates a decrease in interest or uncertainty about the near-term price direction.
Low participation also affects liquidity, making it difficult to… Realization of XRP Strong recovery even as the number of high earners accumulates. With fewer users initiating transactions, demand remains low, slowing the pace of XRP’s escape from the downward trend.
The price of XRP may remain in the range
XRP is trading at $2.08 at the time of writing, continuing a downward trend that has lasted nearly a month. For several days, the altcoin fluctuated in a narrow range between $2.20 and $2.02. This highlights the constant struggle to generate momentum.
Mixed signals from whales and weak network activity indicate that… XRP can continue In autism in this range. If general market conditions improve, a break above $2.20 could allow the XRP index to target $2.36. This is his first significant recovery attempt in weeks.
If the positive feeling does not develop, XRP faces the risk Another retreat. Losing the $2.02 support level will send the price below $2.00. This will invalidate the bullish thesis, exposing altcoins to deeper losses.
