XRP Shows Signs of Recovery Amid Market Uncertainty
Key Takeaways
Ripple (XRP) is showing early signs of recovery following a period of weak market activity. While on-chain data suggests declining interest, developments in the derivatives market point to a potential trend reversal. A 2.35% price increase within 24 hours could signal the beginning of an upward movement. However, uncertainty remains — technical resistance levels and fluctuating user activity may impact the price trajectory.
Decline in Transactions and User Activity
In recent days, the number of XRP transactions has dropped significantly. Within 24 hours, completed transactions fell from around 1.4 million to just 657,000. At the same time, the number of active wallets decreased from 19,018 to 8,039. This trend indicates waning user interest.
Such declines in network activity can negatively affect price performance. Fewer interactions often mean lower demand, which can put short-term pressure on the price.
Derivatives Market Shows Bullish Tendencies
Despite the declining on-chain data, the derivatives market paints a different picture. Open interest has increased in both futures and options. In the futures market, open interest rose by 2.15% to 3.18 billion USD. The increase was even more pronounced in the options market — volume surged by 108.93% to 242,000 USD.
Another indicator pointing to positive market sentiment is the funding rate, which stood at 0.0091% over the past 24 hours. A positive funding rate means that long positions (buys) are dominant. The weighted funding rate, which also factors in volume, is also in positive territory at 0.0078. This suggests a bullish outlook among professional traders.
Technical Barriers and Potential Price Targets
At its current price level, XRP must overcome several resistance levels to initiate a sustainable upward movement. The most important resistance lies at 2.1004 USD. If the price fails to break through this level, a pullback could occur.
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Potential support zones for a correction include:
- 1.923 USD
- 1.850 USD
- 1.759 USD
A breakout above the 2.233 USD mark, on the other hand, could unlock new upward potential. In that case, further gains may be possible, provided market sentiment remains stable.
Our Assessment
XRP is currently in a transitional phase. The drop in network activity shows that many investors are taking a wait-and-see approach. At the same time, the derivatives market signals growing buying interest — an indication that institutional and experienced traders are betting on a recovery.
Whether the price stabilizes or continues to fall depends on several factors: overall market conditions, user behaviour, and the strength of bullish momentum. In the short term, XRP remains volatile, but in the medium term, a new upward movement could emerge — provided key technical resistance levels are broken.
Sources
- XRPscan
- Coinglass
- TradingView
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.15 |
| 24h % | 1.00 % |
| 7d % | 12.58 % |
| 30d % | -9.49 % |
| 60d % | -16.14 % |
| 1y % | 331.58 % |
| Official Links | Website |
| Socials | X |
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