XRP price action remains muted
Ripple’s XRP is trading around $1.34 as of Friday, showing little movement from recent levels. The cryptocurrency seems stuck in a sideways pattern, which honestly isn’t too surprising given the broader market conditions. What’s interesting, though, is how this price action coincides with some concerning on-chain metrics.
I think the most telling data point here is the drop in active addresses on the XRP Ledger. From roughly 18,000 active addresses on Wednesday, we’re now seeing numbers closer to 16,000. That’s not a massive drop, but it’s a trend worth noting. When you compare that to Sunday’s surge to nearly 32,000 active addresses—which preceded that brief push to $1.40 on Tuesday—the contrast becomes pretty clear.
ETF outflows add pressure
The ETF situation doesn’t help either. While Bitcoin and Ethereum ETFs managed to post inflows on Thursday, XRP ETFs actually saw outflows of about $661,000. That’s not catastrophic in the grand scheme—cumulative inflows still stand at $1.21 billion—but it does suggest that risk appetite for XRP specifically might be deteriorating.
Market sentiment overall seems pretty fragile right now. The crypto Fear & Greed Index is sitting at 16, which puts it firmly in “extreme fear” territory. That probably explains why XRP couldn’t hold above $1.40 earlier this week. Investors just don’t seem confident that any recovery can sustain itself.
Technical picture shows consolidation
Looking at the technical side, XRP is trading below all its major moving averages. The 50-day EMA sits at $1.42, the 100-day at $1.57, and the 200-day way up at $1.83. All of those are overhead resistance levels, which means any upward move faces significant hurdles.
The MACD reading on the daily chart shows some mild positivity, and the RSI is hovering around 45—basically neutral territory. But these indicators together suggest consolidation rather than any strong directional move.
Resistance at $1.40 seems pretty solid based on recent price action. If XRP can somehow break above that, then maybe we’d see a test of the 50-day EMA at $1.42. On the downside, there’s not much clear technical support beyond recent swing lows around $1.30.
What comes next
Without improvement in on-chain activity, XRP could remain range-bound between $1.30 and $1.40. The lack of clearly defined support makes it vulnerable to further downside, though perhaps the $1.30 level will hold as a psychological floor.
It’s worth keeping an eye on broader geopolitical developments too—the article mentions ceasefire talks between the US and Iran, which could influence market sentiment across the board. But for now, XRP appears to be in wait-and-see mode, with traders likely looking for clearer signals before making significant moves.
