XRP has faced high volatility in recent weeks, struggling to maintain momentum as market conditions remain bearish. Despite efforts to recover, weak investor sentiment has limited any major price moves.
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.
