🟡 Why XRP Still Can’t Break the $3 Barrier
Despite community hype, the on-chain data tells a different story — and here’s why XRP remains stuck:
🔻 1. Weak network activity
Both new and daily active addresses have dropped sharply, signaling lower demand.
📉 2. Open Interest down 30%
Futures and derivatives markets show reduced speculation — fewer big players, less momentum.
🪙 3. Strong technical resistance
Price remains locked between $2.05 and $2.33, just under key moving averages (SMAs).
⚠️ 4. RSI is cooling down
From an overbought 81 in January to 51 now, indicating weakening bullish momentum.
📉 If $2.00 support fails, a potential drop to $1.20 is on the table — based on descending triangle patterns.
😮 But on the flip side, this long-term consolidation under $3 could be a precursor to a breakout — maybe even toward $10, like the 2017 rally.
🧠 Takeaway: Sideways movement isn’t always weakness. Sometimes it’s the calm before the explosion. 💥
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