XRP New Addresses Plummet 85%, Active Supply Shrinks
- New Address Decline: Glassnode data reveals that the number of new daily addresses on the XRP network has plummeted by over 85%, from 18,000 in December 2024 to around 2,700, indicating a significant decline in retail activity and fading short-term speculation.
- Active Supply Drop: XRP's monthly active supply has decreased from approximately 7.45 billion to nearly 2 billion tokens, suggesting a notable reduction in the number of tokens moving across the network, reflecting a cautious stance among investors.
- Increased Market Pressure: Analysts highlight that the drop in network activity is leading to a bearish market sentiment, with weak demand from short-term speculators causing more holders to refrain from trading, as they await stronger price signals.
- Institutional Investment Rise: Despite the weak growth in new addresses, XRP ETF holdings have increased, capturing about 1.26% of the total supply, with institutional ownership reaching $1.1 billion, indicating sustained interest from institutional investors in the XRP market.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.234 | 1.306 | 1.364 | 1.436 | 1.495 | 1.567 | 1.625 |
| Fibonacci | 1.306 | 1.356 | 1.386 | 1.436 | 1.486 | 1.517 | 1.567 |
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