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XRP Price Prediction: On-chain activity shows dangerous signs – Is a sharp fall likely?
XRP has fallen 1% in the last 24 hours, down to $2.30 while the crypto market has decreased by 2.5% today. XRP has now fallen 2% in a week and decreased by 12% over the past two weeks, although the fourth largest coin in the market still maintains an impressive 330% increase over the last 12 months. The volatility of the token over the past few weeks has occurred after a significant drop in the number of active XRP Ledger addresses, indicating a clear decline in interest from traders. However, this may not last much longer, as the appearance of XRP ETFs at the end of this year signals very good signs for long-term XRP price predictions. XRP Price Prediction: On-chain activity shows dangerous signs – Is a sharp fall likely? If we look at the graph of XRP's active addresses on CryptoQuant, we see that the number of addresses has dropped from a peak of 108,000 on December 2 to a six-month low of 23,000 today.
This is a fall of 80%, far exceeding the fall of 30.5% that the price of XRP has suffered since this currency reached a seven-year high of $3.31 on January 18. It can be said that this signals a significant fall in interest, but a positive point is that the number of active addresses is still higher compared to the period two years before Trump's campaign began in November 2024. Therefore, it would be hasty to assume that this fall signals a major drop in XRP price, especially when inactive addresses may indicate long-term holding. But if we look at the XRP chart today, we see that its indicators have weakened over the past few days, signaling that there will be more losses ( although not necessarily a large loss ) in the near future. The RSI index (purple) has fallen from a level of 70 at the beginning of May to below 50 today and may continue to fall in the coming days.
Based on such factors, it is reasonable to predict that the price of XRP may fall to 2.20 dollars or slightly lower this week or next week. But the solid foundation of XRP will indicate a fairly quick recovery, potentially reaching $2.50 or higher by the end of July.
And in the long run, the approval of up to 10 XRP ETFs could be a catalyst for a strong price surge by the end of the year, potentially reaching 4.00 dollars.