XRP Price Struggles Amid 53% Drop in Active Wallets | Airdrop Alert Pro

XRP price has fallen nearly 4% in the past 24 hours and 21% in the past 30 days, with a market cap of $144 billion. The decline is the emergence of flashing warning signs as a key technical indicator, Chaikin currency traffic (CMF) reached its lowest level since June 2022 and has dropped 53% in active addresses over the past month.

Additionally, the EMA line of XRP is forming a death cross, which marks a possible further decline if the trend continues. With momentum weakening, XRP is now facing a critical moment as traders pay attention to whether prices are stable or risk corrections are deeper.

XRP CMF is breaking negative records

XRP Chaikin Currency Stream (CMF) It has dropped to -0.27, and has continued to decline from 0.30 three days ago.

this CMF indicators measure buying and selling pressure By analyzing prices and quantities. Values ​​above zero indicate accumulation and are below zero signal distribution.

The continued decline in CMF shows that sales pressure is increasing, and more capital outflows from XRP than it is. This downward trend reflects bullish momentum and may indicate that investors are unloading their positions.

This is XRP minimum CMF Reading since June 2022, Signals about price action. Historically, extended negative CMF levels have expanded before the downward trend as they indicate ongoing capital outflows.

If the indicator remains negative or continues to decline, XRP may face further sales pressure, increasing the risk of deeper price losses.

However, if the CMF starts to recover and gets closer to zero, it may indicate stability, giving the Bull a chance to regain control. at present, XRP remains in a vulnerable positionas traders keep a close eye on whether sales pressure will intensify or ease in the coming days.

XRP Active Address Corrected 53% Last Month

XRP 7-day event address Compared to the 407,000 recorded on January 20, 53% have dropped sharply to 190,470. The metric tracks the number of unique addresses involved in transactions over the 7-day period, a key indicator of network activity and overall user engagement.

A major decline indicates a decrease in traders and investors’ participation, potential signals leading to a weaker interest or a lower demand for trading.

Such a decline will usually coincide with weaker price actions, as fewer activity addresses usually mean lower liquidity, while link activity drives less market movement.

This is the lowest 7-day active address count for XRP since November 14, 2024, which has heightened concerns about a decline in user engagement. Historically, the long-term decline of this metric has been preceded by price stagnation or downward pressure, as reduced network activity often reflects the momentum of decline.

If the active address continues to decline, it may indicate that investor confidence has weakened, making it harder for XRP to maintain any significant bullish action.

However, if the metric stabilizes or begins to rebound, it may indicate a renewed interest in the asset and may support price recovery efforts. at present, XRP is still in a prudent stagetraders monitor whether activity will increase or continue to decline.

XRP Price Forecast: Will XRP face 29% further correction?

XRP’s EMA line forms a death cross with the short-term moving average crossing the long-term cross country, indicating a potential bearish trend.

The confirmed death crossover often indicates that the downward momentum is strengthening, increasing further possibilities XRP price drops.

If the sell-off intensifies, XRP Price Support can be tested for $2.33, while breakdowns below that level may trigger a 29% correction to $1.77. Such a move will exacerbate bearish sentiment and may lead to weakness unless the buyer steps in to defend the critical level.

However, if XRP can reverse this trend and restore bullish momentum, it could challenge the $2.83 resistance level.

A successful breakthrough above the area could pave the way for $3.15. If the momentum persists, XRP could be as high as $3.28, marking its first move above $3 in February 2025.