XRP Faces Downward Pressure as Network Activity Declines Significantly
XRP is under increasing pressure as active addresses on the network wane and whales offload holdings. Analysts warn that the digital asset could plummet to $0.80 if critical support levels fail to hold.
Key Takeaways
- 1## Network Activity Signals Potential Weakness XRP is experiencing mounting downward pressure, with key on-chain metrics revealing declining network engagement and shifting investor sentiment.
- 2Renowned crypto analyst Ali Martinez has issued a warning that this popular digital asset could retreat to $0.
- 380, based on current blockchain indicators, representing a staggering potential decline of 57% from its present trading level.
- 4Currently valued at approximately $1.
- 586, several technical and fundamental factors indicate XRP's vulnerability to further downside movement.
Network Activity Signals Potential Weakness
XRP is experiencing mounting downward pressure, with key on-chain metrics revealing declining network engagement and shifting investor sentiment. Renowned crypto analyst Ali Martinez has issued a warning that this popular digital asset could retreat to $0.80, based on current blockchain indicators, representing a staggering potential decline of 57% from its present trading level.
Currently valued at approximately $1.86, several technical and fundamental factors indicate XRP's vulnerability to further downside movement.
Declining Active Addresses Point to Waning Interest
One of the most concerning trends is reflected in XRP's network activity metrics. Active addresses on the XRP Ledger have plunged to around 38,500, according to Martinez's analysis shared on X. This statistic tracks the number of unique addresses involved in transactions and serves as a barometer for network engagement and overall user interest.
The decline in active participation suggests that fewer investors and users are interacting with the XRP network, potentially signaling a broader cooling of sentiment toward the asset.
Whale Distribution Raises Red Flags
Further exacerbating the bearish outlook, large-scale investors—often referred to as
