{"id":155286,"date":"2025-04-21T08:00:24","date_gmt":"2025-04-21T05:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=155286"},"modified":"2025-04-21T04:55:34","modified_gmt":"2025-04-21T01:55:34","slug":"xrp-faces-pressure-as-network-growth-slows-and-bearish-patterns-form","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/xrp-faces-pressure-as-network-growth-slows-and-bearish-patterns-form\/","title":{"rendered":"XRP Faces Pressure as Network Growth Slows and Bearish Patterns Form"},"content":{"rendered":"
Over the past month, new address activity has declined by 44%, falling from around 5,200 on March 22 to just 2,900 by April 17, according to Glassnode data. This cooling adoption trend coincides with a broader price dip, suggesting that investor enthusiasm may be waning.<\/p>\n
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Technical signals are adding to the caution. Crypto analyst Ali Martinez recently pointed to a bearish head-and-shoulders pattern on XRP\u2019s chart, with the price breaking below a key neckline at $2.05\u2014a level that has since been retested and rejected.<\/p>\n
If this pattern plays out fully, XRP could retrace to the $1.30\u2013$1.40 range, marking a possible 30% drop from current levels.<\/p>\n
The bearish case is further supported by an uptick in short positions and increasing whale activity, as traders anticipate more downside. Another analyst, CrediBULL, believes XRP must hold the $1.60 zone to avoid deeper losses and potentially reset for a recovery.<\/p>\n
At present, XRP is trading at $2.04 after a 7% weekly decline, showing short-term weakness while still holding above its 200-day moving average\u2014a sign of longer-term resilience. However, sentiment remains shaky. The Fear & Greed Index sits at 37, indicating investor caution, while momentum indicators such as RSI remain neutral. Unless XRP can reclaim lost ground soon, a larger correction could be on the horizon.<\/p>\n","protected":false},"excerpt":{"rendered":"
The XRP network is flashing early warning signs, with a steep drop in newly created wallet addresses raising concerns about fading interest.<\/p>\n","protected":false},"author":3,"featured_media":97829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-155286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"\n