XRP has hit a rough patch over the past month, slipping nearly 17% as network activity cools and investors start pulling back. While the token is still up significantly this year, the latest signals suggest it could face more downside in the near term.<\/p>\n\n\n\n
At the time of writing, XRP is trading around $2.93<\/strong> still 19% higher over the past three months<\/strong> and up 63% from its yearly low<\/strong>. With a market cap of $173.8 billion<\/strong> and daily volumes topping $6.4 billion<\/strong>, it remains the third-largest cryptocurrency.<\/p>\n\n\n\n Much of this strength came after Ripple\u2019s legal victory against the SEC, which fueled renewed confidence in XRP. Hopes of a potential spot XRP ETF<\/strong> have also kept institutional interest alive.<\/p>\n\n\n\n But despite those tailwinds, the token has dropped 16.8% in the past 30 days<\/strong>, showing that enthusiasm may be cooling.<\/p>\n\n\n\n Fresh data points to shifting sentiment among major investors. According to Nansen<\/strong>, balances of XRP held in \u201csmart money\u201d wallets typically funds and professional traders have fallen nearly 80% over the last month<\/strong>. When these players scale back, retail traders often follow, leading to sharper price moves.<\/p>\n\n\n\n Derivatives data backs this up. CoinGlass<\/strong> reports that XRP\u2019s open interest in futures has plunged from $10.9B in July to $7.5B<\/strong>. The long\/short ratio is now below 1<\/strong>, suggesting more traders are betting on the downside than the upside.<\/p>\n\n\n\n On-chain signals aren\u2019t helping the case. Dune Analytics<\/strong> shows that weekly transactions on the XRP Ledger dropped nearly 15% to 12.4 million<\/strong>, while active wallet addresses fell 2.1% to just over 107,000<\/strong>. Lower usage often signals declining real-world demand, adding fuel to bearish sentiment.<\/p>\n\n\n\n The charts echo this weakness. On the daily timeframe:<\/p>\n\n\n\n If selling pressure continues, XRP could retest support at $2.70<\/strong>, which cushioned its decline earlier this month. A decisive break below that zone might send it further down to $2.30<\/strong>, aligning with the 23.6% Fibonacci retracement level<\/strong>.<\/p>\n\n\n\n XRP has had an impressive run this year, thanks to Ripple\u2019s legal win and ETF speculation. But with smart money pulling out, futures traders turning bearish, and network activity slowing, the token looks vulnerable to more corrections in the short term.<\/p>\n\n\n\n For now, traders should keep an eye on the $2.70 level lose that, and a deeper slide could be on the cards.<\/p>\n","protected":false},"excerpt":{"rendered":" XRP has hit a rough patch over the past month, slipping nearly 17% as network activity cools and investors start pulling back. While the token is still up significantly this year, the latest signals suggest it could face more downside in the near term. A Strong Year, but Momentum Fading At the time of writing,…<\/p>\n","protected":false},"author":3,"featured_media":10834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[141,234,321],"class_list":["post-10833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-network","tag-price","tag-xrp"],"yoast_head":"\nSmart Money and Traders Turning Cautious<\/h3>\n\n\n\n
Network Activity Also Slipping<\/h3>\n\n\n\n
Technical Picture: Bears in Control<\/h3>\n\n\n\n
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Key Levels to Watch<\/h3>\n\n\n\n
Bottom Line<\/h3>\n\n\n\n