XRP Price Drops After Outage and 50% Activity Decline
XRP prices are still under pressure and trade within a key range because of potential downside risks for technical indicator signals. The 64-minute power outage that has recently stopped trading has been resolved, but it has not boosted investor confidence.
Meanwhile, XRP’s CMF remained positive, but weakened. Additionally, the network’s active address has reached nearly 50% from its December peak. XRP may form a possible death crossover on its EMA line, and lower support levels can be tested unless rehype and buying pressure restore it to above the critical resistance zone.
XRP CMF is still very positive, but merged
XRP Chaikin currency flow (CMF) is currently 0.19, down from 0.26 two days ago to -0.22 three days ago. This decline indicates that buying pressure has weakened, but the indicator has now stabilized at around 0.19 and 0.20.
Previous declines to negative territory indicate strong sales, but a rapid recovery above zero suggests buyers have stepped in to support the price. However, CMF is below the nearest height XRP bullish momentum It has softened.
CMF is a volume-weighted metric that tracks the flow of assets entering or exiting assets. Positive CMF indicates purchasing advantage, while negative readings indicate sales pressure. As XRP’s CMF stabilized at around 0.19 after falling from 0.26, capital inflows remained positive, but slowed down.
If it stays within this range, XRP Price Can be consolidated, but movements below 0.15 may indicate an increase in weakness, while recovery above 0.25 may prompt an updated purchase intensity.
XRP activity addresses are still high, but are down 50% from December’s peak
Number of 7 days XRP Currently, the active address is about 256,000, down 37% from 407,000 two weeks ago. Although this is still relatively high compared to most in 2024, it is still nearly 50% below its peak reached in early December.
The decline indicates a slowdown in network activity, which may indicate a decrease in demand or a decrease in transaction volume. If the active address continues to decline, it may reflect weaker interest or participation in XRP transactions.
Tracking activity addresses is important because it measures actual user engagement and transaction activity on the network. More active addresses often signal strong adoption and demand, and a decline may indicate a decrease in network usage.
Although XRP current count The sharp decline compared to December and January compared to most of last year indicates a trend.
If this trend persists, it may indicate weak market participation, but a rebound in active addresses may indicate interest from investors and users.
XRP Price Forecast: Can XRP drop below $2 soon?
XRP’s EMA line shows that a new death cross may soon form, with the short-term line crossing its longest line. If this bearish signal plays, XRP Price Probably tested for support at $2.32, if the level is lost, it could drop further to $2.20.
The continued decline in active addresses and CMF weaknesses may increase XRP below $2, with the next key support of $1.99. This will confirm a deeper bearish trend, making recovery more difficult, especially A new interruption occurred.
On the other hand, if the hype around XRP returns to its level in recent months, it could break the $2.60 resistance. A strong breakout above this level could lead to a $2.82 test, and XRP could push up $3 if momentum is established.
Further rally can be seen testing $3.15 or even $3.40, enhancing bullish breakouts and increasing opportunities XRP price hits $4 in February. For this situation, purchasing pressure and network activity will need to be significantly improved.
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