XRP trades at $1.36 as daily active addresses fall 90%, technical risks rise

Technical analysis highlights critical price zones

As of the latest data, XRP is priced at $1.36, recording a modest gain of 0.39% in the past 24 hours. The asset shows a 24-hour trading volume of $3.62 billion and a market capitalization of $86.33 billion.

Crypto analyst Dark Defender identified that XRP is currently fluctuating between a major support area near $1.33-$1.29 and a key resistance zone marked by the $1.39834 level. According to his assessment, the next decisive move could shape the coin’s immediate structure, and a breakout above resistance might open the way for a strong upward trend known as Wave 3.

As highlighted by Dark Defender, a sustained move above resistance could push XRP toward the $10.1101-$18.2275 zone, but only if it successfully maintains support between $1.33 and $1.29.

Failure to hold these support levels would likely reinforce bearish pressure, while a successful defense could fuel renewed optimism among traders watching for a bullish reversal. The wide gap between current prices and Dark Defender’s long-term forecast underscores how closely future gains depend on XRP’s ability to overcome resistance levels.

Network activity plunges, raises concerns

Beyond technical dynamics, a sharp drop in network engagement is drawing attention. Ali Martinez, a cryptocurrency analyst, noted a major decrease in XRP’s daily active addresses, which fell from 388,492 to just 38,163. This represents a decline of roughly 90% and signals significantly lower participation on the blockchain over a short period.

Ali Martinez pointed to this contraction as a crucial metric, suggesting that fewer interacting addresses could impact XRP’s ability to sustain momentum, even as price attempts recovery.

While day-to-day fluctuations in address activity are common and not always an indicator of long-term trends, the scale of this recent decline brings an added layer of uncertainty. Analysts note that strong price moves alongside robust network participation tend to provide firmer support for lasting bullish trends.

Mini dictionary: Active addresses, a metric tracking the number of unique wallet addresses involved in successful transactions on a blockchain in a given period. A decline may indicate reduced participation or interest in network activity.

Technical indicators point to growing pressure

Technical readings suggest that XRP is hovering below key mid-range levels. The price sits under the middle of the Bollinger Bands ($1.39834), nearing the lower band of $1.32208, with the upper boundary at $1.47460. This proximity signals that XRP is approaching a short-term zone of potential support.

Momentum indicators also reveal a cautious outlook. The MACD Line is at 0.03993, trailing the Signal Line at 0.05714, and the histogram turned negative to -0.01721. Analysts interpret these signals as evidence of fading bullish sentiment and rising risk if current trends persist.

If XRP holds the $1.33-$1.29 area and rebounds past $1.39834, the technical setup could improve in the short term. Nonetheless, a clean break below $1.29 could prompt more selling as investors watch for the next round of support.

Sustained network recovery, especially an increase in daily active addresses, may be required to confirm any price rally and reestablish broader market confidence going forward.