Signs of recovery in the price of XRP are emerging, but the decline in on-chain activity may present obstacles.

The price of $XRP has decreased by 0.74% in the last 24 hours, but is currently showing signs of recovery and may experience significant gains. Despite the overall market sentiment being unfavorable for its rise, the price of $XRP is forming an inverted head and shoulders pattern, which typically indicates a substantial increase in price. The trading volume of options traders surged by 256% in the last 24 hours, and spot market traders have also purchased $11 million in XRP. However, the decline in on-chain activity could slow down the upward movement of XRP. The number of executed trades fell from 1.56 million to 660 thousand, and the number of active accounts has also significantly decreased. If these indicators continue to decline, the rise of $XRP will face risks.