- XRP faces heavy selling pressure as market sentiment shifts into fear, with investors cautious about near-term risks.
- On-chain activity weakens as active XRP Ledger addresses drop sharply, reflecting fading retail and user engagement.
- Whales add $960M in XRP while MACD nears a bullish crossover, yet analysts remain split on downside and breakout targets.
XRP has been pressured with the selling happening in the market. The value of the token stands at $2.80, which represents a 0.09% drop within the past 24 hours and a 3.39% decline over the past week. There is a mixed debate among analysts who have cautioned against risks as well as opportunities.
The Crypto Fear & Greed Index has now moved to 49, which is in the neutral zone. The reading was neutral last week. One month back the index indicated greed. The shift in the mood indicates increasing insecurity. Investors are heading back to safer investments. Investors did not seem ready to take a risk until now.
XRP On-Chain and Futures Activity Weakens
User activity on the XRP Ledger has slowed on-chain. Active addresses are down to 19,250 compared with approximately 50,000 in mid-July. It is a severe contraction within a short time. The metric follows wallets that are sending or accepting XRP. The number of active addresses is lower, so activity is declining. This further supports the pessimistic view.
Also Read: XRP Price Eyes Recovery if $2.70 and $2.90 Hold with $3.70 Target Ahead
Reducing interest is also indicated in the futures market. The open interest in XRP futures has fallen to as much as $7.7 billion compared with $10.94 billion. The activity of weaker conviction among traders is pointed out as a cause of the fall. A massive number of them seem to be retrenching. This would perhaps permit the downward trend to prevail. Not being leverage-backed, XRP will be exposed to additional downfalls.
Institutional Buying Fuels $8 Breakout Hopes
The whale’s surroundings have collected almost $960 million worth of Ripple tokens. This buildup occurred even as the token regained marginally between $2.74 and $2.82. Such corrections are commonly used by huge investors as a way to create exposure. They move confidently about long-term prospects. This is opposite to the withdrawal experienced in the retail and derivatives activity.
Ripple token MACD approaches a bullish crossover, and whales have added almost $960 million of exposure. This follows institutional accumulation as prices slip upwards between $2.74 and $2.82.
According to analyst Ali, the most important level of support is the first to be set at $2.77. Any price that drops to a lower value would take the token to $2.40. Provided the level continues, the token can pursue an increase to the $2.90 area. Any breach of this resistance can push the rally as high as $3.70. Direction would be determined by reaction around support.
There are indicators of life seen in the momentum indicators. There are buy signals that have shown successive buy signs at the TD sequential. This is usually common when an asset has been oversold. It is an indicator of an anticipated cross of the selling wave.
Also Read: XRP Price Movement Signals Possible Upside Toward $27 Target
