XRP slipped below $2 after a 3.2% one‑day drop, extending a weekly loss of 16.63% and erasing earlier gains as broader market pressure and thinning liquidity weigh on the token. On‑chain metrics show daily active addresses have collapsed roughly 91% since mid‑June to about 50,725 and new address growth has weakened, while wallets holding 1–10m XRP sold ~190m tokens (~$402m) in 48 hours and over 1.58bn XRP since early September. Institutional demand offers a counterbalance—Canary Capital’s XRPC and Bitwise’s XRP product drew roughly $292.6m and $105m in inflows since Nov. 13—and a TD Sequential daily buy signal hints selling fatigue, but the clear downtrend and reduced market participation leave any rebound uncertain and susceptible to abrupt moves.
XRP fell below $2 after a 3.2% one‑day decline, extending a weekly loss of 16.63% and erasing earlier year‑to‑date gains; the chart shows a clear downtrend with lower highs and steady selling pressure since early November. On‑chain activity has deteriorated markedly: daily active addresses on the XRP Ledger dropped ~91% from 577,134 in mid‑June to 50,725, while new address growth slid from 13,527 on November 11 to 5,780 today, indicating materially thinner participation and liquidity. Large holders have accelerated liquidation: wallets holding 1–10m XRP sold ~190m XRP (~$402m) in 48 hours and have offloaded more than 1.58bn XRP since early September, creating outsized supply pressure. Countervailing institutional demand is visible in ETF flows—Canary Capital’s XRPC drew ~$292.6m and Bitwise ~$105m since November 13 with no outflow days—which could provide price support if sustained. Technically, a TD Sequential daily TD9 buy signal has appeared after a run of red candles; prior occurrences preceded ~14% and ~18% rebounds, but the signal arrives amid low on‑chain engagement and concentrated selling. The balance of evidence implies elevated short‑term volatility: selling fatigue may enable a bounce, yet structural weakness in participation and continued large‑holder liquidation keep the rebound probability uncertain.
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moderately negative
Sentiment Score
-0.60