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Crypto Deals

04/19 10:29

Market Retreats from XRP, Yet Price Holds Firm—Wha

Market Retreats from XRP, Yet Price Holds Firm—What’s Nextexchange-traded-funds-76-768x402.jpg

  • XRP trades at $2.09, down 18.41% this month but still above key support levels.
  • Active addresses fell 80% since December; futures open interest is down nearly 70%.
  • Ripple’s coin exchange reserves hit lows last seen in July 2023, hinting at long-term investor confidence.

XRP maintains resilience despite weakening activity across both on-chain and derivatives markets. Once reaching peaks above $3.40 in early 2025, it now trades at $2.09, reflecting an 18.41% decline over the past month. Nevertheless, the price has not witnessed a full breakdown, even as investor engagement continues to shrink and broader market momentum cools.

According to data shared by CryptoQuant contributor EgyHash, activity on the XRP Ledger has experienced a sharp contraction. Active addresses have dropped nearly 80% since December. Meanwhile, interest in XRP futures has mirrored this downtrend, with open interest decreasing approximately 70% from previous highs.

#Claim1,000 USDT in the Monthly Creation Challenge#Share Your Thoughts on Popular Assets in May
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Tutti i commenti2RecentePopolare

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  • kei****@hotmail.com

    I think you may be misinterpreting the data

    2025-04-19 10:34RispondiMi piace

  • 小师妹炒币

    XRP has been consistently trading around $2.00 for the past few days

    2025-04-19 10:31RispondiMi piace

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