The on-chain data of XRP explains why the 3 dollars target is unattainable for now.
The price of XRP struggles due to the decrease in open interest and weakness in network activity, while a classic pattern indicates more decline for the altcoin.
The price of XRP has been consolidating in a narrow range of 2.05 to 2.33 dollars over the past 30 days, while the 3.00 dollars remain unattainable.
Key data points explain why the price of XRP is trapped in consolidation, including the decreasing activity of the XRP Ledger network, declining open interest, and weak technical indicators.
The XRP Ledger has experienced a significant decline in network activity over the past six months. On-chain data from Glassnode shows that daily new addresses on the network are well below the 2025 peak of 15,823 reached on January 16. Only 3,500 new addresses were created on Thursday.
Similarly, the number of daily active addresses (DAAs) on the network fell sharply to 34,360 on Thursday from a three-month high of 577,000 on Saturday, indicating reduced interest or a lack of confidence in XRP's short-term outlook.
