Suppressed retail demand and declining on-chain activity are adding headwinds to bullish XRP price predictions.
Broader market FUD tied to the U.S. government shutdown and concerns over slowing growth have taken their toll on the altcoin.
Coinglass derivatives data perhaps reflects this best. Speculative demand has returned to pre-bull-run levels with open interest around $3.37 billion—traders have disengaged with price movements.
And with the uncertainty, Glassnode data reveals that the XRP Ledger (XRPL) has seen a sharp drop in network activity, with daily unique addresses down 18% to 54,000.
The onboarding of new addresses has been volatile, but ultimately struggles to hold momentum, crashing 60% to 4,770 the same day.
XRP is struggling to attract fresh retail liquidity, even as Ripple announced $500 million in new funding aimed at strengthening institutional partnerships and developing ecosystem projects—signaling that long-term fundamentals remain intact.
Investors are opting to sideline XRP, a potential hint that traders may be waiting for stronger market signals before re-entering for the next leg up.
XRP Price Prediction: Is This the Final Dip?
Interest could soon return to XRP if the ongoing retest of a three-month descending channel plays out as a reversal, putting a breakout back in focus.
A strong confluence of support between the trendline and a historic demand zone at $2.10 has created a potential launchpad setup, and momentum indicators could support it.
The RSI has printed a higher low after nearing oversold territory above 30, often an early signal of a local bottom. However, the MACD histogram’s widening gap below the signal line shows bulls have yet to reclaim firm control of the trend.
The key breakout threshold lies at $2.70, a former strong support level that recently flipped to resistance. Reclaiming this zone could confirm a breakout targeting a 70% upside move to $3.70.
Should the U.S. government shutdown end and the SEC greenlights XRP spot ETF filings, fresh TradFi demand could push the rally even higher, eying a 130% move to $5.
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The post XRP Price Prediction: Key Metrics Point to Trouble – But Could This Be the Final Dip Before a Reversal? appeared first on Cryptonews.
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