XRP is fighting in tight range because network activity is declining

XRP remains tied, traded between $ 2.03 and $ 2.30 for many past months.

Despite the initial momentum, the price of the price leveled after disappeared from this hallway in March. XRP (XRP) It currently trades about $ 2.14, down 1.2% during the last day and more than 8% compared to the previous week. The activity on the chain shows a similar image to stop price movement.

According to the Santimenta dataThe number of daily active addresses on the KSRP main book has been significantly approximately 40,000, lowest from November 2024. This is a huge decline since March, and reached over 612,000 to over 612,000, 19. March. March.

In addition, the number of large transactions exceeding $ 100,000 has fallen, from over 1,500 at its peak in March at approximately 1,000 per day. Despite the use of Padling increases, the development activity seems to be increased. In recent 30 days, an increase in contributions for developers 196% on KSRPL, indicating that protocols and updates on the horizon are.

5. Maja, two protocols, tokenized index Fund Vaultro is financed and decentralized protocol for lending to XPFINANCE, announced their debut on XRPL. These events, together with Ripple procurement The main broker of the hidden road could catch fire again during the coming months.

On the technical side of the CSRP remains in a neutral state position. The relative strength index is 44.7, leaning into a neutral zone, while Stochastic RSI suggests that XRP is resold. The indicator of the average average convergence shows an indicator for a short-term falling trend.

All short-term average average average are lower and give a “sales” signal. Only the 200-day estimated average of movement, which currently traded $ 1.99, provides some support.

A deeper correction according to the average of 200 days or even lower may be possible if the XRP breaks below $ 2.03 with a significant volume, especially if the chain activity remains weak. However, a clean move over $ 2.30 could lead to burglary in the direction of the next significant level of resistance, which is close to $ 2.45.

The XRP seems to be currently in the posture form. The low activity of the user and the decline in the strength of the transaction may harm feel, despite the securities and legal pressure of the exchange commission facilitated And new developments grow. For the next few weeks, it can be crucial, especially if the network gets momentum from the upcoming launch.