XRP is trapped between $2.00 and $2.20 as network activity hits a 3-month low

XRP continues to be locked in a tight range, extending the consolidation pattern that has kept the altcoin afloat for several days.

The altcoin is attracting renewed interest from traders, but this interest has not yet translated into significant market share or price expansion.

XRP investors withdraw

The number of active addresses on the XRP ledger fell sharply, reaching 35,931 – its lowest level in more than three months. This decrease highlights the decline in investor engagement as users withdraw from transacting on the network. The lack of sustained activity reinforces the impression that XRP is struggling to generate momentum.

Sponsored

Sponsored

This decline in participation weakens the foundations for a lasting recovery. When network activity drops to this level, demonstrations quickly lose steam. This does Hard for XRP Build the necessary order to exit the specified range.

Want more insights into icons like him? Subscribe to Harsh Notariya Cryptocurrency Reports publisher newsletter here.

The NVT report flashes another warning sign as it rises to a two-week high. A high NVT generally indicates that the asset is overvalued relative to its trading volume. in XRP statusLimited activity on the chain and high valuation pressure form a bearish constellation that complicates recovery opportunities.

This imbalance suggests that investors may be pricing in optimism that is not supported by the fundamental conditions of the network. Until trading activity increases, XRP will likely remain vulnerable to correction regardless of brief speculative rallies.

XRP price is in a horizontal movement

XRP is trading at $2.08 at the time of writing, holding a position above the $2.02 support. The altcoin has been stuck between 2.20 and 2.02 for several days. This reflects a lack of trend conviction.

The $2.00 range remains critical psychological and structural support. It may seem That XRP is bouncing At 2.02 at times, but given current sentiment and macro signals, it is likely to remain capped below 2.20 unless buying interest strengthens.

If market conditions deteriorate further, you lose XRP No From 2.02 and 2.00, the neutral bullish hypothesis will collapse. A price collapse could send it below 1.94 and pave the way towards 1.85, exposing XRP to deeper losses.