Market Activity Drops, But XRP Holds Strong Above $2 – Is a Major Rebound Coming?

Jakarta, Pintu News – In recent weeks, XRP (XRP) has faced significant volatility with no clear direction of movement. The altcoin has struggled to maintain upward momentum due to bearish market conditions.

Despite attempting to recover, investor sentiment remained weak, resulting in no significant price movement. As a result, XRP lacks strong support levels, with many investors still hesitant to make a decision.

Market Activity Plummets, XRP Loses Investor Interest

XRP’s market sentiment reflects continued uncertainty, with the number of active addresses experiencing a drastic drop.

Read also: 5 Crypto that Gained Today (3/13/25): Number 1 Altcoin Explodes 71%!

Reporting from BeInCrypto (12/3/25), in recent days, investor confidence has weakened due to bearish market pressure. This can be seen from the number of active addresses which fell from 530,000 to only 123,000, signaling a declining interest in this altcoin.

This decrease in participation indicates investors’ reluctance to engage further with XRP. As more investors withdraw, liquidity becomes increasingly limited, which ultimately hampers the potential for a significant price rally.

In addition, XRP’s macro momentum is also affected by overall market conditions. However, long-term holders (LTHs) are still the main force in keeping the price stable.

Based on the MVRV Long/Short Difference data, LTHs are currently still holding sizable profits, and they prefer to hold on to their assets rather than sell at low prices.

This behavior of long-term holders is a crucial factor in keeping XRP prices above key support levels. If they continue to maintain their positions, XRP could withstand selling pressure and avoid a potential drop below $2.

XRP price tries to recover, but challenges remain

On Wednesday (12/3), the price of XRP stood at $2.17, holding above the $2.14 support level. Despite a 22% drop in the past few weeks, the altcoin is still able to maintain its position above the crucial $2.00 level.

However, although this level is quite promising, breaking the $2.33 resistance could be a big challenge, given the lack of strong bullish signals in the market.

Read also: Franklin Templeton Files Ripple (XRP) ETF, Is This the Moment for XRP Revival?

Given the current market conditions and investor sentiment, XRP will likely continue to consolidate within the range of $2.14 to $2.33. A break in either direction will largely depend on the momentum that the overall market can gain. Until then, XRP will likely remain stuck in this price range.

However, if XRP falls below the $2.14 support, the price could drop further to $1.94. This drop would invalidate the neutral outlook and push the altcoin into a more bearish trend.

If XRP does plummet to $1.94, it could signal a further loss of investor confidence, which would make recovery even more difficult.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. XRP Price Holds Above $2.00 Despite 22% Correction: Recovery Ahead? Accessed on March 13, 2025