Ripple's XRP is finding it tough to hold its ground above the $2.10 support level. At the time of writing on Monday, the token is trading slightly higher at $2.17, but overall price action remains sluggish. Despite long-term recovery hopes targeting the $3.00 mark, XRP is stuck in a sideways trend that may push it below $2.00 if momentum doesn’t pick up.
Currently XRP Price trading at $2.13 as per Coinpedia Market data.
For a more detailed XRP price prediction 2030, check out our full analysis!
Network Activity on the XRP Ledger Plummets
A key concern for XRP investors is the sharp decline in network activity. Data from Santiment shows that daily active addresses have dropped significantly since the first quarter. Back in March, the XRP Ledger boasted around 612,000 daily active users—an indicator of strong interest and frequent transactions.
Now, that number has dwindled to just about 40,000 daily addresses. This drop could be a warning sign of weakening investor interest or fading confidence in XRP's short-term price action.
Why Daily Active Addresses Matter
Historically, low user activity on the network tends to come before price stagnation or a pullback. Fewer transactions often mean reduced liquidity and buying pressure—two crucial elements for any meaningful rally. That’s why traders often keep a close eye on the Daily Active Addresses metric to judge where the market might be headed next.
Ripple Whales Are Quietly Accumulating XRP
While retail interest seems to be cooling, large investors—often referred to as whales—are taking a different approach. Since early April, wallet addresses holding between 10 million and 100 million XRP have steadily increased their holdings. These wallets now hold 12.32% of the total XRP supply, up from 10.91% on April 1.
Even larger whales, those with between 100 million and 1 billion tokens, also grew their share slightly from 14.32% to 14.37% over the same period. This consistent accumulation points to growing optimism among big players.
What Could Be Fueling Whale Confidence?
Whales often build their positions when prices consolidate or before major news breaks. Their recent activity could reflect expectations of favorable developments ahead—like a potential resolution in Ripple’s ongoing legal battle with the SEC or the approval of spot XRP Exchange Traded Funds (ETFs). Both events could serve as significant catalysts for a price breakout.
Technical Outlook Remains Bearish for Now
On the technical front, XRP continues to trade below key Exponential Moving Averages (EMAs). The Relative Strength Index (RSI) on the 4-hour chart is nearing oversold territory, indicating strong bearish momentum in the short term. Until XRP breaks out of its current sideways range, price weakness may persist.
XRP’s price recovery faces multiple hurdles—most notably a sharp drop in network activity and waning retail engagement. However, the steady accumulation by large holders hints at improving sentiment beneath the surface. If bullish catalysts emerge, such as regulatory clarity or ETF approval, XRP could still reclaim higher ground in the medium term.
