XRP is weakening. The cryptocurrency once strutted around the block like it owned the place.
But now? Let’s just say, the swagger’s missing, and the numbers don’t lie.
Where’s the network activity?
The number of new addresses on the XRP network, think of these as new faces showing up at the party, has crashed, and I mean crashed, by 44% in just one month.
The #XRP network has been shrinking over the past month! Newly created addresses have dropped from 5,200 to just 2,900. pic.twitter.com/Vi6kvFuTya
— Ali (@ali_charts) April 19, 2025
We’re talking a drop from 5,200 on March 22 to a measly 2,900 by April 17. That’s the sound of the music stopping and everyone looking for the exit.
You see, when new addresses dry up, it’s like a restaurant with empty tables during dinner rush.
It’s not just bad optics, but it’s also a strong sign the regulars are losing faith, and the newcomers aren’t biting.
This kind of slump often comes before the price takes a nosedive, and right now, XRP’s technical charts are screaming danger.
Technical patterns
We’re seeing a textbook head-and-shoulders pattern, the kind that makes even the bravest traders sweat bullets.
According to Thomas Bulkowski, this pullback occurs "just to make trading interesting." $XRP pic.twitter.com/TC5ODJWWQS
— Ali (@ali_charts) April 17, 2025
The neckline, around $2.05, has already been broken and retested. If you know your charts, you know what that means: the trapdoor’s open, and we could be falling to the $1.30–$1.40 range. That’s a 30% haircut.
Unless XRP can pull off a miracle and climb back above that neckline, the risk of a deeper plunge is real. And don’t get too excited about the whales splashing around.
Sure, they’re making moves, maybe getting ready for the next regulatory twist in the never-ending Ripple vs. SEC drama, which is set to hit another milestone in April.
But for the average Joe, that’s cold comfort when the price is slipping and sentiment is stuck in fear mode.
Downtrend?
XRP is down nearly 2% in the last 24 hours, and over 7% for the week. The Fear & Greed Index sits at a chilly 37, fear, plain and simple.
The price is below the 50-day moving average, which means the short-term trend is down, though there’s a glimmer of hope above the 200-day average.
The RSI? Sitting neutral, but who’s feeling neutral when the room’s this cold?
Maybe XRP finds its bottom around $1.60, maybe the whales know something we don’t.
But right now, the party’s thinning out, and if you’re still holding your coat, you might want to keep it handy.
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Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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