American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

XRP price stuck under $3: can it finally break through?

by admin June 21, 2025
June 21, 2025
XRP price stuck under $3: can it finally break through?

XRP’s price briefly surged past the $3.00 mark in January 2025, but has failed to reclaim that level in the months since.

This prolonged consolidation comes despite XRP maintaining a relatively high open interest of $3.89 billion, suggesting market participants are positioned but unwilling to commit further capital.

XRP’s stagnant movement is being weighed down by declining onchain activity on the XRP Ledger, bearish momentum signals, and the inability to push past key technical levels.

The resistance range between $2.22 and $2.40 is acting as a firm barrier for bulls, where the major simple moving averages currently converge. Currently, the coin is trading at $2.17.

Source: CoinMarketCap

Unless XRP breaks above this cluster of trendlines, price may continue to trade sideways or head lower, a pattern already seen twice this year.

XRP ledger activity hits multi-month lows

A significant factor contributing to XRP’s muted price action is a marked decline in network usage.

The number of new addresses on the XRP Ledger has fallen steeply from a 2025 peak of 15,823 on January 16 to just 3,500 as of June 5.

Similarly, daily active addresses (DAAs) on the network have plummeted to 34,360, down from 577,000 recorded only days earlier.

Lower network participation typically correlates with weaker demand for a cryptocurrency.

With fewer new wallets joining the ecosystem and a sharp decline in DAAs, transactional activity on the chain has thinned out, leading to reduced liquidity and lower trading volume.

Historically, when XRP Ledger activity drops, price consolidation or decline tends to follow.

This reduction in user activity reflects a subdued investor sentiment, limiting upside momentum for XRP.

Open interest down 30% from January peak

XRP’s open interest (OI), which tracks the total value of open futures and options contracts, has dropped significantly from earlier in the year.

XRP OI fell by 30%—from $5.53 billion to $3.89 billion—indicating that traders are closing positions as bullish momentum fades.

This reduction in OI mirrors a similar pattern seen earlier in the year. Between January and April, XRP saw a drop in OI that preceded a price slide from $3.40 to $1.61.

The current OI decline suggests that traders expect more downside or are waiting for clearer signals before re-entering the market.

If the OI continues to decrease alongside weak network metrics, XRP may find it difficult to sustain even the current range, let alone attempt a move toward $3.00.

Technical indicators highlight bearish risks

XRP’s price continues to hover below key technical resistance levels.

Data shows that the token remains under pressure beneath the $2.22–$2.40 band, where all the main SMAs intersect.

This confluence of resistance has repeatedly capped upward momentum since April.

The relative strength index (RSI) has also cooled off. After reaching an overbought 81 on January 20, it has now slipped to 51, suggesting weakening bullish momentum and increased selling pressure.

If bears continue to dominate, XRP could retest lower support zones at $2.01, $1.90, or even $1.55.

Technical analysts have also identified a descending triangle pattern on the chart, which, if confirmed, could lead to a breakdown toward $1.20—a 45% drop from current levels—should the support at $2.00 fail to hold.

However, some historical comparisons offer a more optimistic outlook.

In 2017, XRP consolidated below major resistance levels for nearly 200 days before breaking out to new highs.

Some traders believe that a similar breakout above $3.00 could open the path toward $10.00 if macro and technical conditions align.

The post XRP price stuck under $3: can it finally break through? appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Elon Musk confirms Tesla Robotaxi pilot launching in Austin on June 22
next post
BofA raises STOXX 600 target amid resilient global growth, warns on Mideast risks

Related Posts

Tesla ordered to pay $329M over fatal autopilot...

August 2, 2025

Dow tumbles 475 points, S&P 500 suffers worst...

April 18, 2024

Why global investors should tread carefully amid China’s...

October 1, 2024

Long RBLX: bullish breakout signals continued upside amid...

November 1, 2024

Quantum Computing Inc.’s (QUBT) stock surged, but has...

November 14, 2024

Analyst sees HDFC Bank shares racing 18%: here’s...

December 23, 2024

Google tweaks European search results to address antitrust...

November 26, 2024

SoftBank posts unexpected $369 billion Q3 loss as...

February 12, 2025

NatWest share price is surging: is it a...

February 13, 2025

Short US30: bearish breakdown below key trendline, eyeing...

December 21, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Saudi Arabia poised to raise September crude prices to five-month highs

      July 28, 2025
    • From $824 to over $1,300: how soaring rents are consuming American paychecks

      July 27, 2025
    • India-UK sign historic free trade deal: here’s all you need to know

      July 24, 2025
    • Talen Energy surges 25% to ATH after strategic natural gas power plant acquisition

      July 20, 2025
    • US visa bans on Brazilian judges spark diplomatic rift, cloud economic ties

      July 20, 2025

    Categories

    • Business (3,550)
    • Investing (2,686)
    • Latest News (2,024)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved