XRP’s ecosystem is experiencing a notable cooling period, with the digital asset maintaining a constrained trading range between $2.03 and $2.30. The current valuation stands at $2.14, reflecting modest declines of 1.2% daily and 8% weekly.
The once-bustling XRP Ledger has witnessed a dramatic decline in daily active addresses, plummeting to approximately 40,000—a figure not seen since November 2024. This marks a stark contrast to March’s peak of 612,000 active addresses, whilst high-value transactions exceeding $100,000 have similarly retreated from 1,500 to roughly 1,000 daily occurrences.
Nevertheless, amidst this apparent market lethargy, the technical foundation of XRPL continues to strengthen, boasting a remarkable 196% surge in developer contributions over the past month. The ecosystem’s expansion is further evidenced by the recent launch of two significant protocols—Vaultro Finance’s tokenized index fund and XpFinance’s decentralised lending platform—alongside Ripple’s strategic acquisition of Hidden Road.
Technical indicators paint a cautiously pessimistic picture, with the relative strength index hovering at 44.7 and multiple moving averages suggesting bearish sentiment. The 200-day estimated moving average, currently positioned at $1.99, remains the sole substantial support level, whilst resistance looms near $2.45.
Market analysts suggest that breaking below $2.03 with significant volume could trigger a deeper correction, particularly if network activity remains subdued. Conversely, a decisive move above $2.30 might signal a potential upward trajectory. Despite reduced regulatory pressure from the Securities and Exchange Commission, the confluence of diminished user engagement and transaction volumes poses challenges to market sentiment, making the forthcoming weeks crucial for XRP’s market positioning.
